What's Going On With Intel Shares

Intel Corporation INTC shares are trading higher by 9.54% to $28.78 Friday morning after the company reported better-than-expected third-quarter EPS.

What Happened?

The Santa Clara, California-based company's Q3 revenue was $15.3 billion. That's down 20% year-over-year.

The revenue total missed a Street estimate of $15.43 billion according to data from Benzinga Pro.

“Despite the worsening economic conditions, we delivered solid results and made significant progress with our product and process execution during the quarter,” Intel CEO Pat Gelsinger said...Read More

See Also: What's Going On With Apple Shares

According to data from Benzinga Pro, Intel has a 52-week high of $56.28 and a 52-week low of $24.59.