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Intel shares rise on revenue gain, fourth-quarter outlook
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Intel shares rise on revenue gain, fourth-quarter outlook

Intel (INTC) reported an adjusted loss per share of $0.43 for the third quarter. In the press release, the company said it saw a “$(0.63) impact on non-GAAP earnings per share attributable to Intel due to $3.1 billion in impairment charges.” The chip giant reported revenue of $13.28 billion, compared to the Bloomberg consensus estimate of $13.02 billion.

For the fourth quarter, Intel expects adjusted earnings per share of $0.12 versus an estimate of $0.06, and revenue between $13.3 billion and $14.3 billion. Wall Street expected $13.63 billion.

Yahoo Finance Senior Reporters Alexandra Canal and Jared Blikre provide an overview of Intel’s results in the video above.

To see more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Stephanie Mikulich.