Intel Prospects Boosted By Improved Gross Margins

By | April 16, 2014

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At least five Wall Street analysts raised their price targets on Intel (INTC) stock after the No. 1 chipmaker late Tuesday posted better-than-expected first-quarter earnings. The Santa Clara, Calif.-based company earned 38 cents a share, down 5% from the year-earlier quarter, on sales of $12.76 billion, up 1.5%, for the quarter ended March 29. Analysts polled by Thomson Reuters expected EPS of 37 cents on sales of $12.81 billion. Intel also gave Scalper1 News

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