Intel (Nasdaq: INTC) beat the Street’s estimates when it announced its third-quarter results last week. The company reported earnings of $0.58 a share, beating the consensus estimate of $0.53. Revenue for the quarter was $13.5 billion, in line with analysts’ expectations.#-ad_banner-# Intel also said it expects fourth-quarter revenue of about $13.7 billion, compared with analysts’ expectations of $14 billion. Intel CEO Brian Krzanich was upbeat about the company’s third-quarter performance and strategy execution: “We’re executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors. Since August we… Read More
Intel (Nasdaq: INTC) beat the Street’s estimates when it announced its third-quarter results last week. The company reported earnings of $0.58 a share, beating the consensus estimate of $0.53. Revenue for the quarter was $13.5 billion, in line with analysts’ expectations.#-ad_banner-# Intel also said it expects fourth-quarter revenue of about $13.7 billion, compared with analysts’ expectations of $14 billion. Intel CEO Brian Krzanich was upbeat about the company’s third-quarter performance and strategy execution: “We’re executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors. Since August we have introduced more than 40 new products for market segments from the Internet of Things to data centers, with an increasing focus on ultra-mobile devices and two-in-one systems.” Intel is ramping up investments in its TV service project, hiring talent from the likes of Google (Nasdaq: GOOG), Apple (Nasdaq: AAPL) and Netflix (Nasdaq: NFLX) earlier this year. Whether all of this will play out as planned remains to be seen, but from a technical perspective, the stock’s chart looks enticing. The day after the company reported its earnings, the stock rallied 1.3% as investors and traders alike seemed to take… Read More