Intel Beats The Street In Q3 2013 With $13.5 Billion In Revenue And $0.53 EPS Well, it’s that time again — famed chipmaker Intel has just reported its fiscal Q3 2013 earnings and they’re just a big better than expected. The company reported quarterly revenue of $13.5 billion (which is pretty much flat compared to its performance last year) and earnings of $0.58 per share. To put that a little perspective, the analyst consensus as per Yahoo! Finance was for the company to report $13.47 billion in revenue for the quarter, along with earnings of $0.53 per share. It’s not the biggest beat you’ll ever see (Intel CEO Brian Krzanich said this quarter saw “modest growth in a tough environment”), but it’s a beat nonetheless. Still, that’s not to say everything is downright peachy in Intel’s world. Industry analysis firm Gartner said that global PC sales were down 8.6 percent this past quarter, making the sixth consecutive quarter of decline. Granted, that’s not as big a dip what we saw last quarter, but it’s further proof that the traditional PC market isn’t done contracting just yet. That shift is reflected in the performance of the company’s PC Client group, which raked in a respectable $8.4 billion in Q3… though it’s still down some 3.5 percent year-over-year. Fortunately, things looked a little brighter for the company’s Data Center group as it saw it revenues surge just over 12 percent since last year. This is a developing story, please refresh for updates. ift.tt/17HkduK ift.tt/1eoPY1M Source: TechCrunch
Posted on: Tue, 15 Oct 2013 20:13:39 +0000
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