04:22 PM EDT, 10/31/2024 (MT Newswires) -- Intel ( INTC ) reported a Q3 non-GAAP loss late Thursday of $0.46 per diluted share, swinging from EPS of $0.41 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended Sept. 28 was $13.28 billion, down from $14.16 billion a year earlier. Analysts surveyed by Capital IQ expected $13.04 billion.

The company expects Q4 non-GAAP diluted EPS of $0.12 and revenue between $13.3 billion and $14.3 billion. Analysts expect normalized EPS of $0.07 and revenue of $13.72 billion.

Intel ( INTC ) shares were up more than 12% in recent after-hours activity.

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