Intel Earnings Report
Intel Corporation (NYSE:INTC) reported its earnings on Tuesday. The chip maker reported a second quarter earnings per share of $0.54, beating analysts' expectations of $0.52 a share. Revenue for the quarter rose 3.6% to $13.5 billion, but fell short of analysts predictions of a revenue of $13.6 billion. After this lukewarm news, Intel is expecting slower growth in its third quarter, which it attributes to the slowing economic climate. The company is optimistic about the year and beyond though, citing numerous upcoming ultrabooks, phones, and tablets that will utilize Intel chips.
|Intel Earnings Report|