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Intel reports better-than-expected earnings as data center chips grow 13% to $4.5 billion

October 18, 2016 8:27 PM
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Intel reports better-than-expected earnings as data center chips grow 13% to $4.5 billion

Intel reported third-quarter earnings that beat analyst estimates, driven by revenues from data center chips and the Internet of Things. And it sounds a lot more bullish than it had about its core PC chip market.

Intel had signaled that this quarter would be better on September 16, when it said sales would be in the $15.3 billion to $15.9 billion range as PC sales improved. Intel launched its Kaby Lake processors, or 7th Generation Core processors, for the fall season to try to boost PC sales, and the compan...

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