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Intel Corporation (NASDAQ:INTC) Knocked Despite Earnings Beat

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Intel Corporation , after the market closed on Tuesday, October 13, showed off its earnings numbers for the three months through September. The firm’s earnings for the quarter came in at $0.64 per share. The firm showed sales totaling $14.47B for the three months.

intel corporation (NASDAQ:INTC) altera corporation

In the run up to the release of today’s results, analysts following the firm were looking for earnings per share of $0.59 from Intel for the quarter. Sales for the period were forecast to come in at $14.22B by consensus.

Intel Corp results by comparison

The same three months of 2014 saw Intel earn $0.66 per share on sales that came to $14.55B. In the last twelve months, shares in the firm have gained 1.81 percent of their value. In the three months leading into the release of these results the firm gained 7.77% of their value.

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things.

Analysts look at Intel Corp

Intel Corporation is expected to make a profit of $2.15 per share for the twelve months of its current fiscal year. Full sales for the year are forecast to come in at $55B.

In the last full fiscal year Intel made $2.31 per share. Sales came in at $55.87B.

Of the 48 analysts covering the firm for Wall Street, 11 analysts said that clients should Buy shares in the firm, 12 analysts rated the shares at Overweight, while 20 analysts said that holding the shares was the best option going forward.

4 analysts said that clients should keep the shares Underweight in their portfolios, while 1 analyst said that their best idea was to Sell the shares ahead of the release of this earnings report.

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Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

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