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Intel Corporation Announces 21% Rise In Q2 Profit

Intel Corporation (INTC) reported a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $3.5 billion, or $0.72 per share. This was up from $2.9 billion, or $0.59 per share, in last year's second quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.6% to $14.8 billion. This was up from $13.5 billion last year.

Intel Corporation earnings at a glance:

-Earnings (Q2): $3.5 Bln. vs. $2.9 Bln. last year.
-Earnings Growth (Y-o-Y): 20.7%
-EPS (Q2): $0.72 vs. $0.59 last year.
-EPS Growth (Y-o-Y): 22.0%
-Analysts Estimate: $0.68
-Revenue (Q2): $14.8 Bln vs. $13.5 Bln last year.
-Revenue Change (Y-o-Y): 9.6%

-Guidance:
Next quarter EPS guidance: $0.80
Next quarter revenue guidance: $15.7 Bln
Full year EPS guidance: $3.00
Full year revenue guidance: $61.3 Bln

by RTT Staff Writer

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