Intel, the electronic chip manufacturer, announced that it achieved higher-than-expected profits in the third quarter of this year, despite the decline in its revenues for the seventh consecutive period, due to intense competition and a shortage of raw materials.
The company’s business results revealed that Intel’s net profit amounted to $297 million in the period from July to September, compared to $1.02 billion in the same period last year.
She noted that profits were higher than analysts’ expectations, who were expecting a profit of 22 cents per share, while Intel recorded a profit of 41 cents per share.
Intel’s revenue fell 8% to $14.16 billion in the third quarter, but was also higher than analysts’ expectations, who had expected $13.53 billion.
2023-10-29 17:01:59
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