Intel revenue tops $14 billion for first time
Intel's revenue in the third quarter jumped 28 percent year over year, while profits also shot up over the previous year.
The world's largest chipmaker reported revenue of $14.2 billion on a GAAP (generally accepted accounting principles) basis, on GAAP earnings of 65 cents per share. Adjusted income was 69 cents per share. This compares to $11.1 billion in revenue in the year-earlier period, or 52 cents a share.
Intel was expected to report earnings of 61 cents a share, on revenue of $13.9 billion, according to an analysts' consensus.
The chipmaker surpassed $14 billion … Read more