Intel Q3 Earnings $9.4 Billion: Beating Predictions

Intel has now posted its Q3 Earnings, which were $9.4 billion. This is a jump of $1.4 billion over Q2, although revenue and profit for year-to-year were down. Although Intel are struggling to stay ahead as the world’s largest chipmaker, they did beat prediction made by Wall Street.

When studying year on year basis, it shows that the chipmakers revenue was down by 8 percent over the 2008 Q3. Earnings were down by 26 percent over the year overall, which were not helped by poor Q1 and Q2 results.

There are a number of factors to this the largest factor that other chipmakers are starting to close the gap. They are doing this by offering much better value for money, they may not be as powerful as Intel CPUs, but 2009 is all about value for money.

Intel profits were $1.9 billion, this works out to 33 cents per share. This figure is down on the same period last year. In Q3 2008, Intel posted a profit of $2.0 billion, which is 35 cents per share. Intel expects a better fourth quarter, with estimates around $10.1 billion, give or take $400 million.

For the full story, visit Cnet

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