Intel Corporation Reveals 18% Increase In Q1 Profit

(RTTNews) - Intel Corporation (INTC) reported a profit for its first quarter that advanced from last year.

The company said its bottom line advanced to $2.6 billion, or $0.54 per share. This was up from $2.2 billion, or $0.45 per share, in last year's first quarter.

The company said revenue for the quarter rose 7.8% to $13.8 billion. This was up from $12.8 billion last year.

Intel Corporation earnings at a glance:

-Earnings (Q1): $2.6 Bln. vs. $2.2 Bln. last year. -Earnings Growth (Y-o-Y): 18.2% -EPS (Q1): $0.54 vs. $0.45 last year. -EPS Growth (Y-o-Y): 20.0% -Revenue (Q1): $13.8 Bln vs. $12.8 Bln last year. -Revenue Change (Y-o-Y): 7.8%

-Guidance: Next quarter revenue guidance: $13 - $14 Bln