Intel reported third quarter sales of $13.5 billion, roughly flat compared with the second quarter and down 5 percent compared with the third quarter of 2011.

The No. 1 chip vendor reported a net income for the quarter of $3 billion, or 58 cents per share, up 5 percent from the second quarter and down 14 percent compared to the year-ago quarter.

Intel's third quarter sales came in above consensus analysts' expectations of about $13.2 billion, according to Yahoo Finance. Last month, Intel cut its sales target for the third quarter on weak PC sales, saying it expected sales to be about $13.2 billion.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved