EmailIntel (INTC $22.99) reported second quarter earnings of $0.59 per
share, $0.08 better than the Capital IQ Consensus Estimate of $0.51.
Revenues rose 21.7% year/year to $13.1 billion versus the $12.82 billion
consensus.
Gross margin was 61%, consistent with the company's expectation.
The company sees FY11 non-GAAP gross margins of 64% +/- a couple of percentage
points.
In the third quarter, the company expects to see revenues in the range of $13.6
billion to $14.6 billion versus the $13.45 billion Capital IQ Consensus
Estimate.
The company said "Strong corporate demand for our most advanced technology, the
surge of mobile devices and Internet traffic fueling data center growth, and the
rapid rise of computing in emerging markets drove record results. Intel's 23%
revenue growth in the first half and our increasing confidence in the second
half of 2011 position us to grow annual revenue in the mid-20% range."
than one year.
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