Santa Clara. 27 Oct. INTERFAX – Intel Corp. in the third quarter of 2017 increased net profit by 33.7%, more than expected, and the company improved annual forecast.
As stated in the financial statements of Intel, the net profit in July-September rose to $4,52-billion, or 94 cents a share, from $3.38 billion, or 69 cents a share, for the same period in 2016.
Adjusted earnings totaled $1.01 per share. Quarterly revenues increased from $15,78 billion to $16.15 in billion
Experts polled by FactSet, on average, had forecast adjusted earnings of Intel at 80 cents a share on revenue of $15,72 billion in Revenue of the major departments of the Corporation Client Computing (includes production of processors for PC) is not changed, amounting to $8,86 billion, expected $of 8.68 billion (StreetAccount). Revenue Data Center Group rose 7 percent, to $4,88 bln, consensus $4.79 billion
The revenue office responsible for the solutions of Internet of things (IoT), increased by 23%, to $849 million At present, Intel is betting on IoT, and the development of unmanned vehicles and not positioning itself exclusively as a chip maker.
By the end of 2017 in General, Intel expects profit excluding one-off factors in the amount of $3.25 per share (+us$0.25 to the previous forecast) and revenue of $62 billion ($0.7 billion). The consensus forecasts of $3,01 per share and $61,39 billion, respectively.
Shares of Intel rose by 2.2% on additional auctions after the closure of the main session in new York on Thursday. With the beginning of the year capitalization of the company rose by 14%, exceeding $190 billion.