Intel reports Q3 revenue of $18.3B, down 4% YoY, vs $18.24B est., and Data Center Group revenue of $5.9B, down 7% YoY; stock is down 10%+ after hours
Jordan Novet / CNBC :
CNBC Jordan Novet
Related Coverage
- Intel Reports Third-Quarter 2020 Financial Results Intel
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Discussion
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@deantak
Dean Takahashi
on x
Intel's stock price is falling in after-hours trading. Intel revenues drop 4% to $18.3 billion for Q3 2020 as competition heats up https://venturebeat.com/...
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@donal888
Don Clark
on x
Intel down 9% after-hours on Q3 numbers, probably on data center weakness https://www.intc.com/...
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@ampressman
Aaron Pressman
on x
Intel's quarter is one of those times where the top line results look fine, but the mix isn't what investors see as fruitful (relative PC strength and data center weakness) $INTC https://twitter.com/...
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@carolinehydetv
Caroline Hyde
on x
Intel...down 11% after hours on earnings. Disappointing...again.
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@markhachman
Mark Hachman
on x
Looks like Intel's desktop business did not do well. Revenue down 16 percent, probably due to notebook shift for at-home work, but also AMD should be factored in, too. https://twitter.com/...