Intel earnings story updated with conference call comments from Intel CEO Paul Otellini.SANTA CLARA, Calif. ( TheStreet) -- Intel ( INTC) crashed through Wall Street's estimates with its second-quarter results, released after market close Wednesday, although the chip giant also cut its forecast for PC growth.
- Intel reported adjusted earnings of 59 cents a share on sales of $13.1 billion for the second quarter.
- The chip maker earned 51 cents a share, excluding items, and brought in revenue of $10.8 billion in the same period last year.
- Analysts expected earnings per share of 51 cents on sales of $12.8 billion.
- Intel closed trading Wednesday down 7 cents, or 0.3%, at $22.99