SANTA CLARA, Calif. (AP) _ Intel Corp. (INTC) on Thursday reported third-quarter profit of $4.28 billion.

The Santa Clara, California-based company said it had net income of $1.02 per share. Earnings, adjusted for one-time gains and costs, were $1.11 per share.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The world's largest chipmaker posted revenue of $18.33 billion in the period, also exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $18.21 billion.

For the current quarter ending in December, Intel expects its per-share earnings to be $1.10. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.08.

The company said it expects revenue in the range of $17.4 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $18.21 billion.

Intel expects full-year earnings to be $4.90 per share, with revenue expected to be $75.3 billion.

Intel shares have declined almost 10% since the beginning of the year, while the Standard & Poor's 500 index has increased almost 7%. In the final minutes of trading on Thursday, shares hit $53.90, a climb of almost 4% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INTC at https://www.zacks.com/ap/INTC

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