Intel Q2 Results Top Estimates

(RTTNews) - Intel Corp. (INTC) reported net income for the second quarter of $2.7 billion or $0.55 per share, compared to $2.8 billion or $0.55 per share for the year-ago quarter.

Revenue for the second quarter fell 5% to $13.20 billion from $13.83 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.50 per share on revenue of $13.04 billion for the second quarter.

Looking forward, the company forecasts third quarter revenue of $14.3 billion, plus or minus $500 million. Analysts currently expect the company to post revenue of $14.10 billion for the third quarter.

Gross margin for the third quarter is expected to be 63%, plus or minus a couple of percentage points.

For the full year 2015, the company now forecasts revenue to be down about 1% and Gross margin to be 61.5%, plus or minus a couple of percentage points. Previously, the company forecast revenue to be approximately flat and gross margin to be 61%, plus or minus a couple of percentage points.