Intel's Profit Rises in Tandem With Healthy Revenue

For the third quarter, Intel (NASDAQ: INTC) posted higher-than-expected net income. To gain insight into why the company reported as it did, investors might review the company's industry, financials, and commentary.

Earnings and Revenue:
Intel managed to exceed Wall Street estimates with stronger-than-expected EPS and revenues. The company reported adjusted net income of 69 cents/share versus the 61 cents/share estimate and revenues of $14.23 billion versus the $13.9 billion estimate. Revenue climbed 28.2% from the same period last year.
Last quarter marked the third in a row of rising net income. Intel's revenue has grown during each of the past four quarters on a year-over-year basis.

Income:
For the year, Intel reported net income of $2.43/share. The company trumped analyst projections of $2.19 by 11%. According to the reported number, the company's income rose 17.4% from last year's levels.

Conference Call:
The conference call for third quarter earnings can be accessed here.

Official Comment:
"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," said Paul Otellini, Intel president and CEO. "We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing."

Industry:
The semi-general company's industry is currently enjoying price/earnings growth of 1.3%. With its recently reported EPS, the company is trailing the industry's estimate average by 83.7%.

What to Do Next:
That's it -- now you have all the facts to help you decide whether to buy, sell or hang onto your Intel shares. And don't forget to check in with us before next earnings season for a full preview of the company's next release.

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• To see up-to-date news on Intel, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here