Today's Hard|Forum Post
Today's Hard|Forum Post

Tuesday July 17, 2012

Intel 2Q Earnings Fall

Intel's second quarter net income was down 4.3 percent compared to the same quarter last year.

Intel's second-quarter net income was $2.83 billion, or 54 cents per share. That was down 4.3 percent from $2.95 billion, or 54 cents per share, a year earlier, as operating expenses rose faster than revenue. Intel has been buying back shares, accounting for the flat earnings per share.