Intel 3Q profit unchanged, but beats predictions

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Associated Press

Posted on October 15, 2013 at 2:02 PM

Updated Tuesday, Oct 15 at 3:07 PM

NEW YORK (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.

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