Intel Second-Quarter Results Way Above Wall Street Estimates
Intel Second-Quarter Results Way Above Wall Street Estimates
Posted 07/15/2009 at 3:03pm
| by Pulkit Chandna
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Intel posted its second-quarter earnings results on Tuesday. The results have come as a pleasant drizzle, if not a downpour, in this dry economic climate that has left everyone extremely thirsty. Intel recorded sales of $8 billion in the second quarter, which is $700 million more than what analysts had predicted. Although sales were down 15% compared to the same quarter a year ago, they were 12% more than the first quarter. Intel CEO Paul Otellini was very pleased by what he labeled as the company’s “strongest first- to second-quarter growth since 1988.”
Image Credi: BusinessWeek
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