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Intel posts 29% jump in profit


SAN FRANCISCO (MarketWatch)
Intel Corp. on Tuesday reported a first-quarter profit of $3.2 billion, or 56 cents a share, compared with a profit of $2.4 billion, or 43 cents a share, for the year-earlier period.
Revenue was $12.85 billion, up from $10.3 billion.
Adjusted income was 59 cents a share.
Analysts had expected the Santa Clara, Calif.-based chip maker to report earnings of 46 cents a share, on revenue of $11.6 billion, according to a consensus survey by Thomson Reuters.

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