Intel's third-quarter earnings were better than expected with revenue in line with expectations and the fourth-quarter outlook fell on the cautious side. Intel's data center group delivered strong results as expected.
The company reported third-quarter earnings of $3 billion, or 58 cents a share, on revenue of $13.5 billion, flat from a year ago. Wall Street was looking for third-quarter earnings of 53 cents a share on revenue of $13.46 billion.
Intel launched a bevy of new processors and filled the channel to prep for the launch of Windows 8.1 devices such as 2-in-1 systems. … Read more