Intel Exceeds Expectations with Strong Q1 Earnings

Intel was expected to do well in the first quarter of 2011, but not this well. The company grossed $12.8 billion in revenue, earning $3.16 billion in net income and setting a new all-time record for the company. The gross figure is an increase of 25% percent from the same time last year and a 13% increase from the last quarter of 2010. The company exceeded Wall Street’s expectations by almost 10% percent, spurring a 5.24%