By Benjamin Pimentel
Intel Corp. INTC on Wednesday reported a second-quarter profit of $2.95 billion, or 54 cents a share, compared with a profit of $2.89 billion, or 51 cents a share, for the year-earlier period. Revenue was $13 billion, up from $10.8 billion.
Adjusted income was 59 cents a share. Analysts had expected the company to report earnings of 51 cents a share on revenue of $12.8 billion, according to a consensus survey by FactSet Research.