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Intel Stock: Chipmaker Handily Beats Sales, Profit Goals

Intel Stock: Chipmaker Handily Beats Sales, Profit Goals

Chipmaker Intel (INTC) late Thursday easily beat Wall Street’s targets for the second quarter. Intel stock rose in extended trading.




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The Santa Clara, Calif.-based company earned an adjusted $1.28 a share on sales of $19.63 billion in the June quarter. Analysts expected Intel earnings of $1.07 a share on sales of $17.81 billion, according to FactSet. In the year-earlier period, Intel earned $1.23 a share on sales of $19.73 billion.

In after-hours trading on the stock market today, Intel stock climbed 0.7%, near 56.35. During the regular session Thursday, Intel stock dipped 0.5% to 55.96.

Earnings details to follow.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.

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Julia Mangels

Julia has handled various businesses throughout her career and has a deep domain knowledge. She founded Stock Market Pioneer in an attempt to bring the latest news to its readers. She is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

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