Intel Beats Q3 Earnings Estimates, Outperforms Market as Semiconductor Stocks See Strong Growth

Intel (INTC) Q3 earnings and revenues beat expectations, with EPS of $0.41 vs $0.21 estimate.

Revenues of $14.16B also topped forecasts, up 4.91% year-over-year.

Intel shares have gained 24.2% YTD, outperforming the S&P 500's 9% gain.

Estimates revisions trend for Intel is favorable ahead of the earnings release.

Nvidia (NVDA), another semiconductor stock, is set to report Q3 results on November 21st with expected strong growth.