Tuesday, July 17, 2007

Intel quarterly profit rises, but margins miss

(Reuters) - SAN FRANCISCO, July 17 - Intel Corp. , the largest maker of computer processors, posted a rise in second-quarter earnings on Tuesday, but its missed its gross margin goal and its shares fell nearly 5 percent. The company also said it expected revenue for its current quarter to be $9 billion to $9.6 billion, compared with analysts' forecasts of between $9.1 billion and $9.9 billion on Reuters Estimates.



For its second quarter, Intel posted net earnings of $1.3 billion, or 22 cents per share, compared with $885 million, or 15 cents per share, a year earlier.


Read more at Reuters.com Market News

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