Intel Shares Higher After Company Posts In-line Earnings

Intel Corp. on Tuesday said it earned $2 billion, or 41 cents a share, in the first quarter, up from $1.9 billion, or 38 cents a share, a year ago. Sales hit $12.8 billion, the chip maker said. Analysts polled by FactSet had expected earnings of 41 cents a share on sales of $12.83 billion. The company guided revenues of $13.2 billion, plus or minus $500 million, for the second quarter. Shares are up 3%.

Copyright © 2015 MarketWatch, Inc.