Technology giant Intel posted its second-quarter earnings that topped analysts’ expectations.
Intel’s reported earnings came in at $1.28 a share, exceeding the $1.07 a share expected by analysts polled by FactSet. The figure is also higher than the year-ago quarter’s $1.14 a share.
Revenue rose +2% year-over-year to $18.5 billion in the quarter, also surpassing the $17.8 billion predicted by analysts surveyed by FactSet.
Revenue from the Client Computing Group, which includes chips for PCs, rose +6% from the year-ago quarter to $10.1 billion. Sales from chips for data centers segment were down -9% year-over-year to $6.5 billion.
Intel has predicted adjusted third-quarter revenue of about $18.2 billion, compared with the FactSet estimate of $18.1 billion.
The company now projects annual adjusted revenue of $73.5 billion, higher than its prior forecast of $72.5 billion. FactSet consensus is $72.7 billion.