Comment on Intel beats its first quarter earnings, raises full-year guidance

Intel beats its first quarter earnings, raises full-year guidance

Chip giant Intel Corp. beat Wall Street expectations for the first quarter reporting earnings per share of 93 cents versus average estimates of 72 cents. The company reported $4.5 billion in quarterly profit, up 50 percent from the year-ago period. Revenue rose 9 percent from the first quarter a year ago, to $16.1 billion. The company also noted that for the first time, nearly half of its revenue came from non-PC business units.

 

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