Intel reports revenue up 21% to $16.5 billion

Intel said "Third-quarter revenue was $16.5 billion, up 21% year-over-year (YoY)." Earnings per share were $0.60, or $0.52 on a non-GAAP basis. It forecast fourth-quarter revenue of $15.0 billion to $16.0 billion. Chief executive Lip-Bu Tan said the results "demonstrate improving execution".