How Intel Corp. Stock Rose 20% in October

Microchip giant Intel (NASDAQ: INTC) was having a nice October. Share prices gained 8.6% in the first four weeks, leading up to the third-quarter earnings release. After crushing that report, the stock closed another 7.4% higher the next day and never looked back. All in all, Intel investors enjoyed a 19.5% return in October 2017, according to data from S&P Global Market Intelligence.

Image source: Intel.

In the third quarter, Intel's top-line sales rose 2.4% year over year to $16.1 billion. Further down the income statement, adjusted earnings jumped 26% higher, landing at $1.01 per diluted share. Analysts would have settled for earnings of $0.80 per share on revenue near $15.7 billion. Fourth-quarter earnings guidance also arrived near the top end of then-current analyst projections.

Source: Fool.com