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Intel Corporation (NASDAQ:INTC) shares are trading higher by 9.54% to $28.78 Friday morning after the company reported better-than-expected third-quarter EPS.
What Happened?
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The Santa Clara, California-based company's Q3 revenue was $15.3 billion. That's down 20% year-over-year.
The revenue total missed a Street estimate of $15.43 billion according to data from Benzinga Pro.
“Despite the worsening economic conditions, we delivered solid results and made significant progress with our product and process execution during the quarter,” Intel CEO Pat Gelsinger said...Read More
See Also: What's Going On With Apple Shares
According to data from Benzinga Pro, Intel has a 52-week high of $56.28 and a 52-week low of $24.59.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.