Intel (INTC) reported 3rd Quarter September 2017 earnings of $1.01 per share on revenue of $16.1 billion. The consensus earnings estimate was $0.80 per share on revenue of $15.7 billion. The Earnings Whisper number was $0.82 per share. Revenue grew 2.4% on a year-over-year basis.
The company said it expects fourth quarter earnings of $0.81 to $0.91 per share on revenue of $15.80 billion to $16.80 billion. The current consensus earnings estimate is $0.83 per share on revenue of $16.11 billion for the quarter ending December 31, 2017.
Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.
Intel Reports Third-Quarter 2017 Financial Results
- Third-quarter revenue was $16.1 billion. Excluding McAfee, revenue was up 6 percent year-over-year and datacentric*
businesses grew 15 percent year-over-year. The data center, Internet of Things and memory
businesses all achieved record revenue.
- Record operating income and record earnings per share (EPS), driven by strong data-centric growth,
expanding operating margins and gains on the sale of equity investments.
- Raised full-year business outlook for the third consecutive quarter. Full-year revenue outlook raised by $700
million to $62 billion; full-year GAAP EPS outlook raised by $0.27 to $2.93 and non-GAAP EPS by $0.25 to
SANTA CLARA, Calif., October 26, 2017 -- Intel Corporation today reported third-quarter 2017 financial results.
"We executed well in the third quarter with strong results across the business, and we’re on track to a record year,”
said Brian Krzanich, Intel CEO. “I’m excited about our progress and our future. Intel’s product line-up is the
strongest it has ever been with more innovation on the way for artificial intelligence, autonomous driving and more.”
“In the third quarter, we delivered record earnings, exceeded our EPS expectations, and increased our profit
expectations for the full year,” said Bob Swan, Intel CFO. “We feel great about Intel's transformation and where we
are nine months into our three year plan.”
For the full press release, please go here.