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Intel Corp. (Nasdaq: INTC) scored a third-quarter earnings beat on the strength of sales in its PC and data center business, while mobile sales almost sunk out of sight.
The Q3 INTC earnings came in at $0.66 a share, the Santa Clara, Calif.-based company reported after the market close today (Tuesday). That beat estimates by $0.01. It was also a 14% increase over the same quarter a year ago.
Sales were $14.6 billion, which also bested Wall Street's forecast of $14.45 billion.
Intel stock rose as much as 3% in after-hours trading following a gain of more than 2% during Tuesday's session.
About the Author
Dave has been a journalist for more than 35 years, including 18 spent at The Baltimore Sun. He has worked as a writer, editor, and page designer at different times in his career. He's interviewed a number of well-known personalities - ranging from punk rock icon Joey Ramone to Apple Inc. co-founder Steve Wozniak.
Over the course of his journalistic career, Dave has covered many diverse subjects. Since arriving at Money Morning in 2011, he has focused primarily on technology. He's an expert on both Apple and cryptocurrencies. He started writing about Apple for The Sun in the mid-1990s, and had an Apple blog on The Sun's web site from 2007-2009. Dave's been writing about Bitcoin since 2011 - long before most people had even heard of it. He even mined it for a short time.
Dave has a BA in English and Mass Communications from Loyola University Maryland.