Intel (NASDAQ:INTC) Reports Q3 Earnings after the market closed today, posting an EPS of $0.69, ahead of estimates for $0.61. Revenue for the quarter rose 29% Year-over-Year to $14.3 Billion. Analysts, on average, were looking for $13.9 Billion.
Paul Otellini, Intel president and CEO said, "Intel delivered record-setting results again in Q3, surpassing $14 billion in revenue for the first time, driven largely by double-digit unit growth in notebook PCs. We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing."
Intel (NASDAQ:INTC) has potential upside of 9.8% based on a current price of $23.4 and an average consensus analyst price target of $25.7.
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