US chipmaker Intel raised its full-year revenue and profit guidance after reporting third-quarter earnings that easily beat analysts' expectations.
Reporting after the Wall Street closing bell on Thursday, the world's largest semiconductor maker said it now expected full-year earnings of $3.25 a share on revenues of $62bn, up from its previous forecast of $3 a share on revenue of $61.3bn.
Analysts polled by Thomson Reuters had averaged a call of $3.01 a share on revenue of $61.4bn.
Intel reported a 36% rise in third-quarter earnings per share of 94 cents, easily beating the average forecast of 73 cents. Net income rose 34% to $4.5bn, beating forecasts of $3.8bn.
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