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7/27/2011
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Intel Sees Fifth Consecutive Quarter of Record Revenue


By Ed Silverstein , TMCnet Contributor

Intel (News - Alert) Corp. reported second-quarter profits of $2.95 billion, or 54 cents a share, according to a company statement. This compares with $2.89 billion, or 51 cents a share, for the same quarter in 2010. During the most recent quarter, revenue was $13 billion, up from $10.8 billion.


Analysts had expected the company to have revenues of $12.8 billion, according to MarketWatch – citing data from FactSet (News - Alert) Research.

In addition, net income for the recent quarter was $3.2 billion, up $290 million, which is a 10 percent year-over-year increase. (non-GAAP.) With GAAP, net income for the quarter was $3.0 billion, up $67 million, equaling 2 percent year-over-year, the company said... Read More


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