The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share. The chip company posted revenue of $26.88 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $26.38 billion.

The New York-based company said it had earnings of $2.22 per share. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.