Intel stock soars on revenue beat, Q4 outlook

Intel (INTC) reported a third quarter adjusted loss per share of $0.43. In the release, the company states it saw a "$(0.63) impact to non-GAAP EPS attributable to Intel from $3.1 billion of impairment charges." The chip giant reported revenue of $13.28 billion compared to the Bloomberg consensus estimate of $13.02 billion.

For Q4, Intel sees adjusted earnings per share of $0.12 versus a $0.06 estimate and revenue in a range of $13.3 billion to $14.3 billion. Wall Street was expecting $13.63 billion.

Yahoo Finance Senior Reporters Alexandra Canal and Jared Blikre break down Intel's results in the video above.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Stephanie Mikulich.

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