Investing.com - Intel (NASDAQ:INTC) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Intel announced earnings per share of $0.59 on revenue of $15.30. Analysts polled by Investing.com anticipated EPS of $0.34 on revenue of $15.43B.
Intel shares are down 33% from the beginning of the year and are trading at $27.11 , down-from-52-week-high.
Intel shares gained 3.20% in after-hours trade following the report.
Intel follows other major Information Technology sector earnings this month
Intel's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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