Intel Q2 Beats As IoT, Data Center Offset Slow PCs

By | July 15, 2015

Scalper1 News

No. 1 chipmaker Intel (INTC) late Wednesday reported Q2 earnings and revenue that beat Wall Street estimates, as did its Q3 sales guidance, as sales of chips for the Internet of Things and data centers offset the PC slowdown. Intel (INTC) reported a 5% drop in Q2 revenue to $13.2 billion, its first year-over-year sales decline in two years. But that still beat the $13 billion analysts polled by Thomson Reuters had forecast. Intel’s Q2 earnings per Scalper1 News

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