Intel reported revenue of $13.6 billion in a 7% increase from the same quarter a year earlier, but logged a $3.7 billion loss that was less than the market had anticipated [File]

Intel reported revenue of $13.6 billion in a 7% increase from the same quarter a year earlier, but logged a $3.7 billion loss that was less than the market had anticipated [File]
| Photo Credit: REUTERS

Shares in Intel soared on Thursday after it smashed quarterly earnings expectations in what could be a sign that the U.S. chip maker is on a path to recovery.

Intel reported revenue of $13.6 billion in a 7% increase from the same quarter a year earlier, but logged a $3.7 billion loss that was less than the market had anticipated.


Leave a Reply

Your email address will not be published. Required fields are marked *