Wednesday, July 14, 2010

Intel Inside the House

Intel smashed estimates after hours today reporting per share profit of $0.51 for the second quarter. Intel beat analyst expectations of $10.25B in sales, by having $10.8B in sales. They also raised estimates for Q3 to between $11.2B and $12B which is incredible.

This is no doubt the best quarter anyone has ever seen from Intel. Jim Cramer from CNBC called this one perfectly and predicted that Intel would have blowout earnings, weeks ago.

Intel is up 3.7% at midday.

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