Intel sees second quarter profits up 96%
Intel Corp has announced that second-quarter profits rose 96%, meeting Wall Street estimates.
Quarterly earnings rose 96% to $1.8bn (€1.5bn), or 27 cents per share, from $896m (€726m), or 14 cents per share, a year ago.
Revenue rose 18% to $8.05bn (€6.5bn) in the second quarter, from $6.8bn (€5.5bn) last year.
Second-quarter earnings-per-share have increased by 1.7 cents.
Intel had previously predicted second-quarter revenue would range from $8bn (€6.4bn) to $8.2bn (€6.6bn), an increase from an earlier forecast of $7.6bn (€6.1bn) to $8.2bn (€6.6bn).
The company said it raised its guidance because of strong demand for flash memory chips, used primarily in mobile phones.
Intel stock closed Tuesday at $26.14, down 10 cents, on the Nasdaq Stock Market.
Intel Ireland comprises two facilities in Leixlip and Shannon. Ireland is Intel's centre of manufacturing in Europe, as a major source for the manufacture of high speed Pentium 4 support chips and the latest Flash technology using semiconductor manufacturing processes.
Intel Shannon is home to Intel Communications Europe and the Shannon Business Center, which provides divisional business, as well as technical and marketing support for European customers and field sales. Intel Shannon also encompasses the Shannon Development Center, the European research and development arm of Intel's Network Processing Division. Intel Shannon employs a total of 86 people.
The Leixlip site employs 3,150 people, with another 1,000 long-term contractors.
