All Posts Tagged With: "tech sector"

Intel Surprises Wall Street With Record Second Quarter, Strong Global Outlook for Remainder of Year

Thanks to soaring worldwide demand for PC chips, Intel Corp. (INTC) late yesterday (Tuesday) reported a 25% jump in second-quarter profits and provided a forecast for sales that exceeded analyst estimates.

Intel – the world’s biggest chipmaker – said it earned $1.6 billion, or 28 cents a share, up from profit of $1.28 billion, or 22 cents a share, from the same period last year. Revenue was $9.47 billion, a 9% jump from sales of $8.68 billion for the same quarter a year ago.

Analysts had expected the Santa Clara, Calif. chip giant to report earnings of 26 cents a share on…

16Jul2008 | Money Morning | Comments Off | Continued

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