SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Intel Corp. (INTC) on Thursday reported third-quarter profit of $3.32 billion.

The Santa Clara, California-based company said it had profit of 60 cents per share. Earnings, adjusted for one-time gains and costs, came to 52 cents per share.

The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The world's largest chipmaker posted revenue of $16.51 billion in the period, also beating Street forecasts. Thirteen analysts surveyed by Zacks expected $16.44 billion.

For the current quarter ending in December, Intel expects its per-share earnings to be 25 cents.

The company said it expects revenue in the range of $15 billion to $16 billion for the fiscal fourth quarter.

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