Intel Beats Sales! Above $40, Smooth Sailing Ahead?
Intel reported better-than-expected third-quarter sales, signaling that demand for its core x86 processors for PCs has recovered.Revenue: $13.65 billion versus $13.14 billion estimated
EPS: 23 cents, adjusted, not comparable to analyst estimates
The report is Intel’s first since the U.S. government became the company’s top shareholder in August with a 10% stake.