Intel's Q2 earnings down 29%

Jul 17, 2013, 1:32pm PDT Updated: Jul 17, 2013, 2:10pm PDT

Intel Q2 earnings fall 29 percent

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Preeti Upadhyaya

Technology Reporter- Silicon Valley Business Journal

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Intel Corp.'s net earnings fell 29 percent in the second quarter, challenged by a struggling PC market. Here's a breakdown of the numbers.
Net income:
Net income came in at $2 billion down from $2.8 billion a year ago. Earnings per share came in line with analyst estimates of $0.39.
Revenue:
Revenue came in at $12.8 billion, down 5 percent from a year prior.
"Looking ahead, the market will continue buying a wide range of computing products," said newly appointed CEO Brian Krzanich. "We will leave no computing opportunity untapped. To embrace these opportunities, I've made it Intel's highest priorities to create the best products for the fast-growing ultra-mobile market segment."
This should make investors happy, as they are eager to see how Intel makes up for lost time in the mobile market.
For more info, check out AllThingsD's analysis of Intel's earnings.
Intel shares were off 2.8 percent to $23.47 in after hours trading.
Companies: INTC

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