Intel's shares rise after disclosing first quarter profits

Posted on Wednesday, April 20 2005 @ 22:38 CEST by Thomas De Maesschalck
Intel's shares increased 73 cents to $23.36 in morning trading after disclosing its first quarter results. In the first three months of the year the company earned $2.15 billion (34 cents per share), compared to $1.73 billion (26 cents per share) in the same period last year.

The first-quarter turnover was 17 percent higher than last year, from $8.09 billion in 2004 to $9.34 billion this year. But the first quarter of this year also included an extra business week.

Intel's results are higher than expected, Wall Street analysts expected Intel to earn 31 cents per share on sales of $9.31 billion.

Read more about Intel's Q1 2005 results at ABC News

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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