Intel's EPS down 25% to $1.02 in Q3

Thursday, 22. October 2020 22:02

Intel Corporation said on Thursday that its revenue for the second quarter of the fiscal year 2020 stood at $18.3 billion, falling 4% compared to the same period a year earlier and matching market estimates.

GAAP earnings per share plunged 25% year on year to $1.02 and GAAP net income slid 29% on an annual basis to $4.3 billion. Meanwhile, operating income was down 22% to $5.1 billion. Adjusted EPS fell 22% to $1.11 in the three-month period.

"Our teams delivered solid third-quarter results that exceeded our expectations despite pandemic-related impacts in significant portions of the business," CEO Bob Swan said.

Intel shares plummeted 9.09% in after-hours trading.

Related Links: Intel Corporation
Author:
Breaking the News / NP