Intel today reported its Q3 earnings, and while the company beat estimates on both revenues and earnings, it also said that it would be raising its restructuring charges to an eye-watering $2.3 billion, as it continues to shift its business away from PC processors and into chips for the next generation of computing in devices like drones and self-driving cars. It also provided a forecast for the next quarter that it said was lower than average for the company.
The semiconductor giant reported revenues of $15.8 billion on non-GAAP earnings per share of 80 cents. Both numbers exceeded analysts average estimates of $15.58 billion in sales and EPS of 72 cents.
It was an outstanding quarter, and we set a number of new records across t…
Read the full article at: https://techcrunch.com/2016/10/18/intel-raises-restructuring-charge-to-2-3b-beats-with-q3-sales-of-15-8b-eps-0-80/