Intel unveils third quarter financial results
Following a dismal second quarter, Intel appears to have picked up steam again. The company has posted (PDF) third-quarter revenue of $8.7 billion with a net income of $1.3 billion, respectively 8.8% and 46.9% above the previous quarter's results. To thank for the increases are higher processor, chipset, and motherboard unit sales as well as a $100 million gain in operating income from the sale of a chunk of Intel's investment in Micron Technology.
Despite the improvement, Intel did significantly worse than in the same quarter last year, when it posted revenue of $9.96 billion and net income of $2 billion. Considering Intel's results were getting progressively worse throughout the first half of this year, though, this latest posting marks a change in trend. In the fourth quarter, the company expects revenue to rise to somewhere between $9.1 billion and $9.7 billion.