| | | Intel beats by $0.26, reports revs in-line; guides Q4 EPS below consensus, revs below consensus
4:06 PM ET 10/27/22 | Briefing.com
Reports Q3 (Sep) earnings of $0.59 per share, excluding non-recurring items, $0.26 better than the S&P Capital IQ Consensus of $0.33; revenues fell 15.4% year/year to $15.3 bln vs the $15.31 bln S&P Capital IQ Consensus. Co issues downside guidance for Q4, sees EPS of $0.20, excluding non-recurring items, vs. $0.68 S&P Capital IQ Consensus; sees Q4 revs of $14-15 bln vs. $16.43 bln S&P Capital IQ Consensus."Despite the worsening economic conditions, we delivered solid results and made significant progress with our product and process execution during the quarter," said Pat Gelsinger, Intel CEO. "To position ourselves for this business cycle, we are aggressively addressing costs and driving efficiencies across the business to accelerate our IDM 2.0 flywheel for the digital future."
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