Company news: Intel (INTC) quarterly revenues miss analysts’ expectations

Intel (INTC) reported Q3 FY 2021 earnings of $1.71 per share (versus $1.11 per share in Q3 FY 2020), beating analysts’ consensus estimate of $1.11 per share.

The company’s quarterly revenues amounted to $18.087 bln (+4.8% y/y), missing analysts’ consensus estimate of $18.274 bln.

The company also issued mixed guidance for Q4 FY 2021, projecting EPS of $0.90 versus analysts’ consensus estimate of $1.02 and revenues of $18.30 bln versus analysts’ consensus estimate of $18.26 bln.

INTC fell to $50.39 (-10.02%) in pre-market trading.

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