Intel profit rises, driven by notebook PC sales
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Tue, 15 Jul 2008 20:29:04 GMT |
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SAN FRANCISCO (Reuters) - Intel Corp on Tuesday posted a higher quarterly profit as the world's biggest chipmaker was helped by higher sales of microprocessors used in notebook personal computers.Intel also said it expects revenue in the current quarter of $10.0 billion to $10.6 billion, compared with analyst expectations for revenue of $10.0 billion."As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe," Chief Executive Paul Otellini said in a statement.Second-quarter net income rose to $1.60 billion, or 28 cents per share, from $1.28 billion, or 22 cents per share, a year ago.Revenue rose to $9.47 billion from $8.68 billion. Analysts had expected $9.32 billion on average, according to Reuters Estimates.Intel has been benefiting from brisk sales of notebook PCs, which are on track to outpace sales of desktop PCs this year. On Monday, Intel rolled out the latest generation of its Centrino wireless chip after a delay of several months.(Reporting by Duncan Martell; Editing by Braden Reddall)
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