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Intel 3Q profit unchanged, but beats predictions


October 15. 2013 4:36PM
Associated Press

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(AP) Intel says its third-quarter income was unchanged as it continues to struggle with a global slump in PC demand.


The chipmaker earned $2.95 billion, or 58 cents per share, compared with $2.97 billion, or 58 cents per share, in the same quarter of 2012.


Revenue also was unchanged at about $13.5 billion.


The results for the quarter ending Sept. 28 beat Wall Street predictions. Analysts polled by FactSet expected a profit of 53 cents per share on revenue of $13.4 billion.


Revenue at the company's personal-computer business fell 3.5 percent to $8.4 billion, while data center revenue increased 12 percent to $2.9 billion.


The Santa Clara, Calif., company projected fourth-quarter revenue of $13.2 billion to $14.2 billion. Analysts were looking for $14.0 billion.


Associated Press


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