Tuesday October 13, 2015

Intel Beats Earnings And Sales Estimates

Even with weak PC sales, Intel still managed to beat Wall Street expectations with revenue of $14.5 billion and earnings of $0.64 per share.

Intel Corp reported better-than-expected quarterly profit and revenue as strong performance in its data center and Internet-of-Things businesses more than made up for continued weak demand for its chips used in personal computers. Shares of the world's largest chipmaker rose marginally in after-market trading on Tuesday.