Intel, the world’s largest maker of computer chips, announced yesterday that its profit nearly doubled in the second quarter as the company reported strong sales for a type of memory chip commonly used in consumer gadgets such as cell phones. The company reported earnings of $1.8 billion (27 cents a share), up from $896 million (14 cents) in the same three-month period last year. Revenue increased 18 percent, to $8.05 billion during the same quarter.
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Intel’s Second-Quarter Profit Doubles
Posted by: Mike Musgrove July 14, 2004 02:16 PMIntel, the world’s largest maker of computer chips, announced yesterday that its profit nearly doubled in the second quarter as the company reported strong sales for a type of memory chip commonly used in consumer gadgets such as cell phones. The company reported earnings of $1.8 billion (27 cents a share), up from $896 million (14 cents) in the same three-month period last year. Revenue increased 18 percent, to $8.05 billion during the same quarter.