Intel's net jumps 29 pct as businesses snap up PCs (AP)
SAN FRANCISCO – Intel's earnings rose 29 proportionality as brawny spending by businesses on new computers helped the consort overcome a earnest product organisation nonachievement and fallout from the noxious earthquake and wave in Japan. An player week in the lodge also helped.
Net income was $3.16 billion, or 56 cents per share, higher than the 46 cents per deal that analysts polled by FactSet expected. A assemblage ago, Intel earned $2.44 billion, or 43 cents per share.
Revenue was $12.8 billion, up 25 proportionality from $10.3 1000000000 a assemblage past and higher than the $11.6 1000000000 that analysts expected.
The income prognosticate was stronger than expected.
Intel predicted second-quarter income of $12.3 1000000000 to $13.3 billion. Analysts due $11.9 billion.
Intel admitted to a earnest organisation nonachievement in one of its chips.
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