Intel stock soars on revenue beat, Q4 outlook

Intel (INTC) reported a third quarter adjusted loss per share of $0.43. In the release, the company states it saw a “$(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges.” The chip giant reported revenue of $13.28 billion compared to the Bloomberg consensus estimate of $13.02 billion.

For Q4, Intel sees adjusted earnings per share of $0.12 versus a $0.06 estimate and revenue in a range of $13.3 billion to $14.3 billion. Wall Street was expecting $13.63 billion.

Yahoo Finance Senior Reporters Alexandra Canal and Jared Blikre break down Intel’s results in the video above.

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This post was written by Stephanie Mikulich.