INTC Earnings: Intel Stock Jumps 6% on Strong Q3 Earnings Beat
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Intel's Q3 earnings report showed a 3% year-over-year increase in earnings per share to $0.23, significantly exceeding analysts' expectations. Sales also rose 3% to $13.7 billion, surpassing forecasts. The gross margin improved to 40.0%. For Q4, Intel anticipates revenue between $12.8 billion and $13.8 billion, with adjusted EPS of $0.08. Despite a consensus Hold rating for INTC stock, analysts may revise price targets following this report.
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