Intel Corporation Beats Q3 Estimates; Stock Rises (INTC)

After the closing bell on Tuesday, Intel Corp (INTC) reported its third quarter earnings, posting results that beat analysts’ earnings and revenue expectations.

INTC’s Earnings in Brief

Intel reported third quarter revenues of $14.6 billion, up 8% over last year’s Q3 revenues of $3.5 billion. Net income for the quarter came in at $3.3 billion, or 66 cents per share, up more than 10% over last year’s Q3 net income of $3 billion, or 58 cents per share. The company's results beat analysts’ expectations of 64 cents EPS on revenues of $14.4 billion. Looking ahead, for Q4 Intel sees revenues of $14.7 billion plus or minus $500 million.

CEO Commentary

Intel CEO Brian Krzanich had the following comments: "We are pleased by the progress the company is making. We achieved our best-ever revenue and strong profits in the third quarter.  There is more to do, but our results give us confidence that we're successfully executing to our strategy of extending our products across a broad range of exciting new markets."

INTC’s Dividend

Intel will pay its next quarterly dividend of 22.5 cents on December 1. The stock goes ex-dividend on November 5.

Stock Performance

INTC stock was up 23 cents, or 0.72%, in after hours trading, after ending the day up 67 cents, or 2.13%. YTD, the stock is up 22.02%.

INTC Dividend Snapshot

As of Market Close on October 14, 2014

Click here to see the complete history of INTC dividends.