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Intel Corporation Q3 adjusted earnings Beat Estimates

Intel Corporation (INTC) announced a profit for third quarter that decreased from the same period last year.

The company's earnings came in at $4.28 billion, or $1.02 per share. This compares with $5.99 billion, or $1.35 per share, in last year's third quarter.

Excluding items, Intel Corporation reported adjusted earnings of $4.68 billion or $1.11 per share for the period.

Analysts had expected the company to earn $1.10 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.5% to $18.33 billion from $19.19 billion last year.

Intel Corporation earnings at a glance:

-Earnings (Q3): $4.68 Bln. vs. $6.29 Bln. last year.
-EPS (Q3): $1.11 vs. $1.42 last year.
-Analysts Estimate: $1.10
-Revenue (Q3): $18.33 Bln vs. $19.19 Bln last year.

Next quarter EPS guidance: $1.10
Next quarter revenue guidance: $17.4 Bln
Full year EPS guidance: $4.90
Full year revenue guidance: $75.3 Bln

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