Decline in Earnings while Sales Grew

Sales growth of 0.14 %, could not prevent income contraction of -2.17 % in the third quarter 2019, compare to same quarter a year ago. Sales were at $19.19 billions and eps at $1.35.

In comparison to previous quarter eps soared by 46.74 % from $0.92 per share and Sales improved by 16.27 % from $16.51 billions.
Intel Corporation told that it's good performance came from several different businesses, Data Center Group +11.89%, All other +18.61%, while following sections logged decrease in revenues PC Client Group -7.44%, Internet and Things Group -71.51%, Software Services Group -0.36%.
Income thrived in Data Center Group and Software Services Group segments, with 11.07% and 251.72% respectively, but any possibility of company wide income growth relinquished, with declining earnings in PC Client Group and Internet and Things Group business units.
Those were major factors for -6.38 % decline, in company's net earnings from $6,398 millions in the corresponding period a year before. Intel Corporation shifted it's focus on improving sales in the third quarter 2019, as a result net margin eased to 31.21%. Intel Corporation lowered it's annual revenue forecast by $ -70 millions, now company expects to revenues from $55,241 millions to $55,241 millions.
1All other segments have decreased the loss.

Intel Corporation is expected to report next financial results on April 14, 2020.