Intel earnings better than expected

14 October 2009

Intel has reported better than expected third quarter results, as the IT industry continues to show strong signs of recovery. Although its results are down on Q3 2008, they are - with that exception - the strongest results since 2005. Q3 net income was $1.86bn, down from $2bn for the same period last year. Revenue fell from $10.22bn last year to $9.39bn in Q309. Those figures do not include the $1.45bn fine from the European Union for anti-trust practices.

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