Intel Shares Up 8% Since Q3 Results Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/INTC'>Intel Corporation (NASDAQ:INTC)</a> shares rose more than 8% since the company’s reported Q3 results on Thursday, with EPS of $0.59 coming in better than the Street estimate of $0.34. Revenue was $15.3 billion, compared to the Street estimate of $15.43 billion.</p>
<p>For Q4/2022, the company expects EPS of $0.20, compared to the Street estimate of $0.60, and revenue of $14-15 billion, compared to the Street estimate of $16.3 billion.</p>
<p>CEO Pat Geisinger launched the next phase of IDM 2.0 with the “internal foundry model.” This decouples design and manufacturing, enabling better transparency and structural efficiencies.</p>
<p>Management also detailed aggressive cost cuts, $3 billion in 2023, expanding to $8-$10 billion by 2025.</p>

NASDAQ:INTC