Posted: July 14th, 2010.
Intel Corporation (NASDAQ : INTC) announced its best ever quarterly results yesterday. The company revealed that sale of laptop and server chips had given a tremendous push to the revenues. The company has made $10.8 billion in revenues in the past quarter that brings profits to $2.9 billion. That is close to $445 million more than what Intel made in the first quarter of 2010 and up $3.3 billion from the second quarter of 2009. The Earnings Per Share (EPS) currently stands at 51 cents which is up 183% from Q2 last year.
Surprisingly though, the markets are yet to respond favorably until now to the impressive rise in profits. The stocks have shown only a modest rise in value. The NASDAQ monitor currently reads 21.96 which is a humble rise from the 20.25 that was recorded on the morning of July 12.
Let us see if there is a late realization among traders today.