Intel Corporation (INTC) Hits Revenues Of $12.8 Billion For Q2 2013 Revenues
Intel Corporation (NASDAQ:INTC) has reported their Q2 2013 revenues. Intel reported earnings of $0.39 per share and $12.8 billion in revenues, which is down 5% from the quarter one year ago.
Wall Street analysts were expecting earnings of $0.40 per share on $12.9 billion in revenue. Intel’s PC Client group generated around $8.1 billion of the $12.8 billion, which is down 7.5% from a year ago.
Intel CEO Brian Krzanich said in June that the company will be focusing more on the mobile Atom platform to keep the company competitive due to less demand for PCs. Krzanich is holding weekly meetings about how to speed up the Atom chip development process and improvements. The company is expecting the Haswell chips to do well.
Intel is expecting to generate around $13.5 billion in revenues next quarter.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry