engine - 5:00 pm on Oct 13, 2010 (gmt 0)
Intel Quarterly Revenue Up To $11 Billion [news.cnet.com]
Intel's revenue in the third quarter jumped 18 percent year-over-year, while profits also shot up over the previous year.
The world's largest chipmaker reported revenue of $11.1 billion, earning 52 cents per share and beating the analyst consensus of about 50 cents per share. This compares to $9.4 billion in revenue in the year-earlier period, or 33 cents a share.
"Intel's third-quarter results set all-time records for revenue and operating income," said Paul Otellini, Intel president and CEO, in a statement. "These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets," Otellini said.