Chipmaker Intel Corp. (NASDAQ:INTC) beat analysts' expectations Tuesday with the release of its third-quarter results.
The company generated $9.4 billion in revenue, up 17% from last quarter and the largest second-quarter to third-quarter growth the company has seen in more than 30 years. Similarly, gross margin was up seven points to 57.6%. Investors earned 33 cents per share.
However, on a year-over-year basis, Intel's revenue dropped by $828 million, or 7.8%, and its profit of
$1.9 billion was $158 million less than a year ago.
The acquisition of software vendor Wind River Systems had little impact on earnings overall, with acquisition related expenses leading to less than a penny reduction in earnings per share.
Click here to download the CFO's full commentary on the results. -
Sara BehunekSee Also:
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Great news for the markets tomorrow heading in to Goldman Sachs earnings on Thursday, should be a decent week. When Windows 7 comes out there should be a boost in PC sales which could provide another bounce in Intel earnings.