Intel Corporation (NASDAQ: INTC) announced its first quarter (Q1) earnings today. Intel, the world's largest maker of computer chips, made some 25 cents a share, or some $1.44 billion. The higher than expected revenue of $9.67 billion, however, beat out analyst's expectations, which is probably why shares in after-hours trading have been trending upwards. This same time last year Intel saw $1.64 billion and 28 cents a share, demonstrating that Intel is feeling the economic pinch that everyone else is, despite beating expectations.
All in all, that's a 12% drop in year-over-year profits when comparing the same quarter.
Next quarter Intel is expecting $9 to $9.6 billion in sales.
Intel shows year over year dip in profit, but exceeds expectations for Q1
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