All Posts Tagged With: "tech"

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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