Intel Corporation Q3 Earnings Drop 6%

(RTTNews) - Intel Corporation (INTC) released a profit for third quarter that lost ground compared to the same period last year.

The company said its profit fell to $3.1 billion, or $0.64 per share. This was lower than $3.3 billion, or $0.66 per share, in last year's third quarter.

Analysts had expected the company to earn $0.59 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.7% to $14.5 billion. This was down from $14.6 billion last year.

Intel Corporation earnings at a glance:

-Earnings (Q3): $3.1 Bln. vs. $3.3 Bln. last year.
-Earnings Decline (Y-o-Y): -6.1%
-EPS (Q3): $0.64 vs. $0.66 last year.
-EPS Decline (Y-o-Y): -3.0%
-Analysts Estimate: $0.59
-Revenue (Q3): $14.5 Bln vs. $14.6 Bln last year.
-Revenue Change (Y-o-Y): -0.7%