By Micah Maidenberg

Intel Corp. (INTC) reported profits of $6.4 billion in the third quarter, or $1.38 a share, as the chip maker reported another quarter of strong demand from PC makers and for chips used in data centers. Profits soared 42% compared with the year earlier.

Analysts polled by FactSet predicted Intel would earn $1.10 a share for the period.

On an adjusted basis, the company reported a profit of $1.40, surpassing the $1.15 a share analysts expected.

Sales rose 19% to $19.16 billion for the quarter. Analysts forecasted $18.13 billion.

For the full year, Intel raised its forecast for sales to $71.2 billion from $69.5 billion previously. It now expects earnings per share in 2018 of $4.52, versus $4.10 earlier.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

October 25, 2018 16:30 ET (20:30 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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