Chipmaker Intel Crushes Third-Quarter Targets But Stock Falls

Chipmaker Intel (INTC) precocious Thursday crushed Wall Street's targets for the 3rd quarter. But Intel banal fell hard successful extended trading.

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The Santa Clara, Calif.-based institution earned an adjusted $1.71 a stock connected income of $19.19 cardinal successful the September quarter. Analysts expected Intel to gain $1.11 a stock connected income of $18.24 billion, according to FactSet. In the year-earlier period, Intel earned $1.11 a stock connected income of $18.33 billion.

In after-hours trading connected the stock marketplace today, Intel banal tumbled 6.1%, adjacent 52.60. During the regular league Thursday, Intel banal roseate 1.1% to 56.

Earnings study details to follow.

Follow Patrick Seitz connected Twitter astatine @IBD_PSeitz for much stories connected user technology, bundle and semiconductor stocks.

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