Intel's quarterly revenue beats Street



The world's leading chipmaker said non-GAAP revenue in the third quarter was $14.3 billion, up 29 percent and higher than the $13.87 billion expected on average by analysts, according to Thomson Reuters I/B/E/S.

Non-GAAP net income in the quarter was $3.5 billion, up 17 percent. Adjusted earnings per share were 65 cents.

Shares of Intel rose 2.6 percent in extended trade after closing up 0.52 percent at $23.40.

(Reporting by Noel Randewich; Editing by Richard Chang)