Intel Corporation (NASDAQ:INTC) unveiled its third-quarter results after hours Thursday.
The company topped analysts’ expectations in various categories during the period, including in its earnings. Intel brought in $1.01 per share in profit, ahead of the Wall Street projection of 80 cents per share, according to Thomson Reuters.
Overall revenue amounted to $16.15 billion for the quarter, also beating the consensus estimate of $15.73 billion, according to Thomson Retuers. Its client computing revenue came in at $8.86 billion, ahead of the $8.68 billion analysts expected, according to StreetAccount.
A year ago, Intel’s adjusted earnings came in at 80 cents per share, while revenue was $15.78 billion. Artificial intelligence and cloud infrastructure are among the most important segments of the company moving forward.
Data center revenue was a positive for Intel as well, tallying up to $4.88 billion, compared to the StreetAccount prediction of $4.79 billion. The company posted net income of $4.52 billion, which marks a 34% year-over-year growth.
Intel’s programmable solutions group, which includes its programmable semiconductors, saw its revenue surge by 10% compared to the year-ago figure of $469 million. Its client computing business had flat revenue, while its unit sales for the business fell 7%.
INTC stock gained 2.6% after the bell Thursday.
