“The news: Intel shares soared in after-hours trading on the Nasdaq after the chip maker’s third-quarter result and outlook for the fourth quarter beat market estimates.
“The numbers: Intel shares were last up around 9% in extended trading in New York, having dropped 3.5% during Thursday’s session.
“Intel reported a net loss of US$16.6 billion ($25.22 billion) for the third quarter, compared with a net profit of about US$300 million in the prior corresponding period.”
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