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Intel Profit Falls but Easily Tops Expectations
Intel reported a profit excluding one-time items that was lower than last year but which blew out analysts' expectations.
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Current DateTime: 01:20:22 14 Jul 2009
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The world's biggest maker of microrocessors reported a profit, excluding one-time items, of 18 cents a share in the second quarter, against 28 cents a share in the same period last year.
Sales in the most recent quarter reached $8 billion, compared with revenue of $9.47 billion last year.
A Thomson Reuters survey of analysts who follow the company predicted Intel's earnings at 8 cents a share on sales of $7.284 billion.
Paul Sakuma / AP
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Intel shares [INTC 16.83 0.34 (+2.06%) ] were halted in extended trading Tuesday.
The stock finished the regular Nasdaq session down 0.36 percent at $16.77. Get After-Hour Quotes for Intel by clicking here.
Intel's results are being watched closely for signs of how the personal computer industry is holding up in the recession amid mixed signals about its health. |
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