Wednesday, July 20, 2011

Intel Earnings exceeded analysts' expectations

Intel Corp (INTC.O) released data on its 25-percent increase in first quarter. The company's revenues rose to $ 12.8 billion in first quarter net profit of Intel made $ 3.2 billion, an increase of 29 over the same period last year. Earnings per share were 56 cents, reports This increase came as a surprise to analysts. It is estimated that, in connection with the competition Intel Corp (INTC.O) with the manufacturers of chips for smart phones and tablets, for the first quarter earnings would be $ 11.59 billion, according to Thomson Reuters I / B / E / S. Shares of Intel rose 3.5 of extended trading after closing up 1.22 in trading Nasdaq.

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