Intel Posted a Profit of $3.2 Billion, Shatters Estimations

bp9801 - April 20, 2011 12:49PM in General News

Intel has done it again. It seems that every quarter the company posts new record numbers and this time it is no different. Intel has just posted a $3.2 billion profit for the first quarter of this year, an increase of 29% compared to last year. Overall revenue was at $12.2 billion, an increase of 23%. Earnings were listed at 56 cents a share, something the analysts predicted would only be at 46 cents. Intel definitely crushed the estimates by all the analysts, especially since last year's first quarter profit was at $2.4 billion and revenue at $10.3 billion. Intel's $12.2 billion revenue for the first quarter is a new record for the company and shows just how popular the chip giant really is. With these results, Intel expects an annual revenue growth of 20% which is pretty impressive when you consider everything.