Intel's second-quarter earning jumps
Intel Corporation's second-quarter earnings grew 16 per cent and sales jumped to a record $9.23 billion.
Intel Corporation's second-quarter earnings grew 16 per cent and sales jumped to a record $9.23 billion as the world's largest chip maker profited from the growing popularity of notebook computers.
For the three months ended July 2, Intel earned $2.04 billion, or 33 cents per share, compared with $1.76 billion, or 27 cents per share, in the same period last year. Revenue rose 15 per cent from the $8.05 billion reported in the second quarter of 2004.
Analysts were expecting the Santa Clara chipmaker to earn 32 cents per share on sales of USD9.22 billion, according to a survey by Thompson Financial.
In June, Intel raised its sales forecast to between $9.1 billion and $9.3 billion from its previous guidance of $8.6 billion and $9.2 billion. At the time, it attributed the improvement to strong sales of microprocessors designed specifically for notebooks.
"Our investments in new products, advanced silicon capacity and emerging markets are paying off with growth that is outpacing the industry," said Paul Otellini, Intel's chief executive.
The results were announced after the close of markets.