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Intel (INTC) Ramps 3% On Strong Q3 Results

October 18, 2011 4:13 PM EDT
Shares of Intel Corporation (Nasdaq: INTC) are up 3 percent after-hours after posting strong third quarter results.

The chip giant reported reported Q3 EPS of $0.69, $0.08 better than the analyst estimate of $0.61. Revenue for the quarter came in at $14.2 billion versus the consensus estimate of $13.9 billion.

The also added $10 billion to the buyback plan.

Intel sees Q411 sales of $14.7 +/- $500 million. The Street sees $14.3 billion.


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