Intel beats on sales in first earnings report since U.S. government became top shareholder

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Intel

reported better-than-expected revenue on Thursday, signaling that demand for its core x86 processors for PCs has recovered. The stock jumped 6% in extended trading.

Here’s how Intel did in the third quarter versus LSEG consensus estimates:

Intel recorded a per-share loss of 37 cents in the quarter to account for shares in escrow that will be released to the U.S. government as part of its $8.9 billion investment. The Trump administration negotiated the investment in August, purchasing 433.3 million shares at $20.47 per share.