Intel's stock pops as earnings crush expectations and forecast brings upside

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CEO calls out ‘progress on our process and product roadmaps’

Intel Corp. shares were popping nearly 8% in Thursday’s extended session after the chip maker easily cleared the bar with its third-quarter profit and delivered an upbeat forecast for the current quarter.

Revenue dropped to $14.2 billion from $15.3 billion, while the FactSet consensus called for $13.6 billion.

 

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