Bad spring for Intel. The Californian tech giant saw its earnings fall 4% to $2,83 billion, or 54 cents per share, in the second quarter. In the same period last year, it was $2,95 billion, or 54 cents a share.
Excluding special items, earnings climbed to 57 cents a share, while analysts expected earnings of 52 cents a share. Intel's revenue increased during the same period to $13,5 billion, up from $13,03 billion last year. Analysts were expecting revenue of $13,54 billion.
The company expects fiscal 2012 revenue to increase by 3% to 5%, down from previous estimates. For the third quarter Intel has estimated the turnover around 14,3 billion dollars, with a swing of about 500 million dollars.
