(Intel) Intel announced an increase in net revenue to $19.2 billion in the three months to September 25, compared to $18.3 billion in the same period of last year.
The company’s net revenue for the nine months ended September 25 increased to $58.5 billion from $57.9 billion in the same period of 2020.
Intel Corporation announced an increase in net income to $6.8 billion in the third quarter from $4.2 billion in the same quarter of last year.
The company’s net income for the nine months ended September 25 increased to $15.2 billion compared to $15 billion recorded in the same period of 2020.
The company generated $9.9 billion in cash from operations and paid $1.4 billion in dividends during the quarter.
Intel anticipates its revenue to remain at $19.2 billion in the fourth quarter, while earnings per share are expected to reduce to $0.78 from $1.67 EPS reported in the third quarter.
The company’s expected revenue for the full year is $77.7 billion, with earnings per share of $4.50.
Intel Chief Finance Officer George Davis announced his plans to exit the company in May 2022.
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