** Shares of Intel rise 6.5% to $22.92 premarket
** Co expects Q4 rev between $13.3 bln and $14.3 bln vs ests of $13.66 bln - LSEG data
** CFO David Zinsner said Intel was "making progress" on its profitability but that it had "a lot of work to do" to achieve the targets it had set
** INTC reported Q3 rev of $13.28 bln vs ests of $13.02 bln
** "Intel's journey is far from over, and we suspect 2025 will remain a transition year, with numbers that probably have to come down" - Bernstein analysts
** For data center segment, which includes AI chips, rev rose 9% to $3.3 bln, above estimates of $3.16 bln
** "Intel's business appears to be normalizing with certain end markets returning to seasonal demand trends" - JP Morgan analysts
** Up to last close, stock had fallen 57% YTD
(Reporting by Zaheer Kachwala in Bengaluru)
((Zaheer.Kachwala@thomsonreuters.com))
