Intel surges as 3Q profit doubles
WinInfo | at | by Mike
Microprocessor giant Intel Corporation announced yesterday that its third-quarter profit more than doubled year-over-year thanks to stronger-than-expected sales in Asia and Europe; the company exceeded its financial predictions for the quarter. The company posted net income of $1.7 billion (up 142 percent) on revenues of $7.8 billion (up 20 percent). Additionally, Intel shipped a record number of microprocessors in the quarter.