Intel stock rises on earnings beat and strong revenue guidance On Thursday, Intel stock rises as they announced their third-quarter financial results, surpassing profit and sales expectations, despite a decrease in revenue compared to the same period last year. During an analyst call, Intel’s CEO, Pat Gelsinger, disclosed the company’s plan to reduce costs by approximately $3 billion this year. Additionally, Intel noted a decrease in its workforce, with 120,300 employees currently, down from 131,500 in the previous year. Following Intel stock rises report on its third-quarter earnings , the company’s shares surged by approximately 7% in after-hours trading, as it exceeded expectations for both profit and sales. This remarkable performance occurred despite a decline in revenue compared to the same period in the previous year. Here’s how Intel stock rises compared to LSEG (formerly Refinitiv) consensus expectations for the quarter ending on October 1: Earnings per share: Inte...