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