Intel Beats Earnings Expectations Despite Slower PC Market

Analysts were expecting Intel to make some money, but the chipmaker beat everyone's expectations, including their own. According to All Things D, Intel reported revenue of $11.5 billion with sales up 8% year over year. But with that sales increase, profits were up 48%. As you might expect, Intel's shares are selling up on the news. Gartner is reporting that PC sales ended up weaker than expected in the 4th quarter, so these results are even more impressive.

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