Intel quarterly revenue beats Street expectations


Intel Corp posted third-quarter revenue of $13.5 billion and net earnings of $3.0 billion, or 58 cents a share, as the personal computer industry wrestles with a shaky global economy and a shift by consumers toward tablets.

Analysts had expected $13.23 billion in revenue for the third quarter, according to Thomson Reuters I/B/E/S.

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The world's largest chipmaker forecast fourth-quarter revenue of $13.6 billion, plus or minus $500 million. Analysts expected $13.74 billion for the current quarter.

(Reporting By Noel Randewich; Editing by Bernard Orr)