Intel Posts Decline In Q1 Earnings; Beats Views
Chipmaker Intel (INTC) late Tuesday reported its first year-over-year drop in profit in 10 quarters, but its results beat analyst expectations. The company said per-share profit fell 10% from the year-ago quarter, to 53 cents. Revenue rose a fraction, to $12.9 billion from $12.85 billion in the year-earlier quarter. Analysts polled by Thomson Reuters expected 50 cents a share on sales of $12.84 billion. For the current quarter, Intel expects sales
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