Intel Corporation (NASDAQ:INTC) is scheduled to report earnings after the market closes on Thursday, and while its top and bottom lines are expected to fall year-over-year an expectations beat may still be likely.
The Street consensus for the period ended September 30 is earnings of $0.21 per share on revenue of $12.82 billion, compared to $0.25 per share on revenue of $15.34 billion a year earlier.
However, Intel has beaten earnings expectations in three of the previous four quarters.
On September 1, CEO Pat Gelsinger said the company was tracking above the midpoint of its third-quarter revenue guidance of $12.9 billion to $13.9 billion.
Shares of Intel fell 1.5% Thursday afternoon to $32.35.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel