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Intel Beat Earnings Estimates, But Misses Figures For Its Data Center Unit

By John F. Heerdink, Jr.

Dow 30 component, Intel Corporation (INTC) reported Q3 earnings this week, in-line with analyst expectations but lacked growth in its data center business.

Here’s how the company performed:

  • An EPS of $1.11 per share was reported in-line with expectations.
  • Revenue stood at $18.33 billion, versus $18.25 billion as expected.
  • Intel’s Data Center Group came up with $5.91 billion in revenue, down 7%, and less than the market estimate of $6.21 billion.
  • Intel’s largest business, the Client Computing Group dealing in PC chips, produced $9.85 billion in revenue.
  • Intel’s Non-Volatile Memory Solutions Group had $1.15 billion in revenue, reporting an 11% drop, and below $1.50 billion estimates.
  • Revenue from enterprises and governments declined 47%
  • Cloud revenue in the quarter grew by 15%.
  • Intel said it expects $1.10 in adjusted earnings per share on $17.4 billion in revenue for the next quarter.

Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Intel drops on weak results for its data center group in CNBC)


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