Intel reports lower third-quarter earnings

October 13, 2015 8:16 PM

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Intel Corp. late Tuesday reported its third-quarter earnings fell to $3.1 billion, or 64 cents a share, from $3.3 billion, or 66 cents a share, a year ago.

Analysts surveyed by FactSet had forecast the big microprocessor maker to earn 59 cents a share. Revenue slipped to $14.5 billion from $14.6 billion a year earlier but came in better than analysts’ average estimate of $14.22 billion. In the fourth quarter, Intel expects revenue of $14.8 billion, plu...

Also read: Intel Corporation Beats Earnings Estimates But Falls On Weak Guide

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