Intel's third-quarter revenue and earnings beat analyst expectations

Intel beat analyst expectations for its third quarter earnings on Thursday, with revenues up for the company’s data center, Internet of Things group, and memory business.

All three saw record quarter revenues, according to Intel. Data center revenue was up 7% year-over-year to $US4.9 billion. Revenue for the Internet of Things group was up 23% to $US849 million. The memory group saw revenue up 37% to $US891 million.

Here’s what Intel reported:

  • Revenues were $US16.1 billion for the quarter. This is compared to analyst estimates of $US15.73 billion.
  • Earnings per share were $US0.94. This is compared to analyst estimates of $US0.80.
  • Projected revenues for full year 2017 are $US62 billion. This is compare to analyst estimates of $US61.4 billion.
  • Projected earnings per share are $US3.25 for the fourth quarter. This is compared to analyst estimates of $US3.01

Get the latest Intel stock price here.

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