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Intel posts 17% higher profit and issues strong outlook; shares climb after hours

SAN FRANCISCO (MarketWatch)
Intel Corp. on Tuesday reported a third-quarter profit of $3.47 billion, or 65 cents a share, compared with a profit of $2.96 billion, or 52 cents a share, in the year-earlier period.
Revenue was $14.23 billion, up from $11.1 billion.
Adjusted income was 69 cents a share.
Analysts had expected the chip company to report earnings of 61 cents a share, on revenue of $13.9 billion, according to a consensus survey by FactSet Research.
For the current quarter, the company expects revenue of $14.7 billion, plus or minus $500 million. Analysts had expected revenue of $14.23 billion, according to data from FactSet Research.

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