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Intel Climbs After Topping First-Quarter Estimate
Updated from 4:33 p.m. ET
Semiconductor giant Intel (INTC Quote) said Tuesday that it earned 16 cents a share excluding acquisition costs in the first quarter, beating lowered Wall Street expectations by one penny.
The company also said that its microprocessor business may have bottomed and is now experiencing "normal seasonal patterns." More specifically, after falling 23% in the first quarter, Intel sees revenue declining at a slower pace in the second quarter and possibly even growing. Microprocessors are the brains behind personal computers. ...
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