Intel released a quarterly earnings report Tuesday that fell slightly
short of already low expectations, thanks to weak worldwide PC sales.
The world’s largest computer chip manufacturer reported first quarter
revenue of $12.6 billion, a 2 percent drop from the same time a year
ago. Net income was $2 billion, or about 40 cents per share,
compared with $2.7 billion, or 53 cents per share a
year earlier. Sluggish PC sales contributed to part of Intel’s loss.
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PC Slump Chips Away at Intel's Q1
Posted by: Rachelle Dragani April 17, 2013 12:27 PMIntel released a quarterly earnings report Tuesday that fell slightly
short of already low expectations, thanks to weak worldwide PC sales.
The world’s largest computer chip manufacturer reported first quarter
revenue of $12.6 billion, a 2 percent drop from the same time a year
ago. Net income was $2 billion, or about 40 cents per share,
compared with $2.7 billion, or 53 cents per share a
year earlier. Sluggish PC sales contributed to part of Intel’s loss.