Investing.com - Intel (NASDAQ:INTC) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.4 on revenue of $19.16B. Analysts polled by Investing.com forecast EPS of $1.15 on revenue of $18.13B. That compared to EPS of $1.08 on revenue of $14.76B in the same period a year earlier. The company had reported EPS of $1.04 on revenue of $16.96B in the previous quarter.
Intel shares gained 6.30% to trade at $47.10 in after-hours trade following the report.
For the year, Intel shares are down 4.46%, under-performing the Nasdaq 100 which is up 9.09% year to date.
Intel follows other major Technology sector earnings this month
On Wednesday, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.9B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on Thursday, with third quarter EPS of $13.06 on revenue of $33.74B. Investing.com analysts expected EPS of $10.45 on revenue of $27.3B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar