Intel Corporation reported third-quarter financial results that significantly exceeded Wall Street expectations, with revenue of $13.65 billion and adjusted earnings of 23 cents per share. [1, 3] This positive surprise, driven by a rebound in demand for its PC processors, sent INTC shares soaring by over 7% in after-hours trading as investors cheered the performance. [1, 2] The strong results were also bolstered by aggressive cost-cutting measures and recent multibillion-dollar investments from Nvidia, SoftBank, and the U.S. government, which have helped restore investor confidence. [2] Despite the strong quarterly performance and a significant profit rebound from the previous year, Intel provided a cautious revenue forecast for the upcoming fourth quarter. [1, 2]
Intel Surpasses Q3 Expectations, Stock Soars on Renewed PC Demand
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