Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Intel Reports Earnings of $3.0 Billion

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Intel  (NASDAQ: INTC  )  today announced earnings of $0.58 per share -- up from $0.39 in the second quarter and $0.58 in the third quarter of 2012. Its revenue stood flat when compared to the same period last year at $13.5 billion, but it was up 5% versus the second quarter of this year.

The company highlighted that it paid $1.1 billion in dividends and repurchased 24 million shares of stock for $536 million -- which are approximately the same amounts for the second quarter of 2013 and the third quarter of 2012. It still has $3.7 billion remaining in its authorized amount for share repurchases.

Of the results, CEO Brian Krzanich said, "The third quarter came in as expected, with modest growth in a tough environment. We're executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors."

Revenue for Intel's largest business segment, its PC Client Group, fell from $8.7 billion in the second quarter of last year to $8.4 billion in the second quarter of this year, or 3.5%. However, revenue for its second largest unit, its Data Center Group, grew by 12%, from $2.6 billion to $2.9 billion. Those were the only two operating segments that had a profit, as all of its other architecture, software, services, and other operating segments had revenues of $2.2 billion but losses of $1.1 billion.

For the fourth quarter, Intel anticipates revenue to grow by 2% to $13.7 billion, which is at the low end of its historical range. In addition, it expects gross margins to fall to 61%, a decrease of 1 percentage point. 

Beyond the earnings
The tech world has been thrown into chaos as the biggest titans invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to rule the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate, and we'll give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2683476, ~/Articles/ArticleHandler.aspx, 9/29/2016 1:17:19 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,156.74 -182.50 -1.00%
S&P 500 2,151.34 -20.03 -0.92%
NASD 5,259.19 -59.36 -1.12%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 1:02 PM
INTC $37.04 Down -0.40 -1.07%
Intel CAPS Rating: ****