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Intel: FY targets raised.

(CercleFinance.com) - Boosted by better-than-expected Q3 results, Intel has raised its FY target for adjusted (non-GAAP) EPS by 25 cents to 3.
25 dollars, with its forecast for revenues increased by 700 million dollars to 62 billion dollars.

On Thursday evening the microchip giant unveiled adjusted net income that is up 25% at 4.8 billion dollars for the past quarter, representing EPS of 1.01 dollar, around twenty cents above the consensus.

While its gross margin has slipped 0.9 point to 63.9%, Intel has seen its quarterly revenues rise by 2% to 16.1 billion dollars, once again above the consensus, with records at data centers, Internet of things and memories.

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