Intel Posts Record Sales; Corporate Spending Rebounds
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Intel Corp., the world’s biggest chipmaker, reported record second-quarter sales and topped analysts’ estimates with its forecast for this period, allaying concern that a rebound in technology spending is losing steam.
Third-quarter sales will be $11.6 billion, plus or minus $400 million, the Santa Clara, California-based company said today in a statement. Analysts had estimated $10.9 billion on average, according to a Bloomberg survey.