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Chips fly, Intel beats estimates in the third quarter

Between July and September, the American technology company recorded earnings of 3,32 billion dollars, an increase of 12% compared to the same period of 2013. The turnover, on the other hand, reached 14,55 billion, an increase of 7,9% on yoy – The stock celebrates on Wall Street.

Chips fly, Intel beats estimates in the third quarter

Microprocessor shipments surpass 100 million units for the first time and are flying Intel, which closes the third quarter with profits and revenues above market estimates. 

In detail, the American technology company recorded between July and September earnings of $3,32 billion, up 12% over the same period in 2013. The turnover instead it arrived at 14,55 billion, up 7,9% year-on-year. 

Analysts had forecast earnings per share of 65 cents, one cent less than the group's record, and revenue of $14,44 billion.

Gross profit margins stood at 65%, versus 66% announced in July by Intel. 

also positiveoutlook for the current quarter: the group expects revenues of 14,7 billion with a possible increase or decrease of 500 million dollars. Analysts had forecast revenue of 14,48 billion.

Margins are expected at 64%, but a figure of two percentage points higher or lower is not excluded. Intel also disclosed that in the third quarter it paid dividends of 1,1 billion and made share buybacks of 4,2 billion. 

Pending the accounts, arrived at closed markets, Intel stock rose by 2,13% to 32,14 dollars. In the after-hours it celebrated its accounts by rising by around 1%.

Il Intel title, after gaining 2,13% on Wall Street on Tuesday ahead of the quarterly announcement, is trading about 2,5% up in premarket.

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