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Intel 2Q Profit Increases
Jul 18, 2007
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Intel Corp.'s second-quarter profit jumped 44% on strong sales of microprocessors. Intel, the world's largest semiconductor company, said net income for the three months ended June 30 was US $1.28 billion, or $0.22 per share, compared with $885 million, or $0.15 per share during the same period last year.

Intel exceeded analysts' revenue expectations, ringing up $8.68 billion in the second quarter, an 8 percent increase over the $8 billion it reported in the same period last year.

For the third quarter, Intel expects revenue between $9 billion and $9.6 billionĀ and gross margin of 52 percent of revenue, plus or minus a couple of percentage points.

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