Intel Earnings Meet, Sales Miss But Margins Upbeat

By | April 14, 2015

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Intel (INTC) met lowered first-quarter forecasts for modest earnings growth, thought revenue fell short amid weak PC demand. But with gross profit margins strong, shares rose in after-hours trading Tuesday. The world’s largest chipmaker earned 41 cents a share, up 8% vs. a year earlier. Revenue ws $12.78 bil, essentially unchanged vs. a year earlier. Wall Street had expected EPS of 41 cents on sales of $12.90 billion. In January, Intel had slashed Scalper1 News

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