Intel announces Q1, reports profit

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A quickie from Intel, announcing Q1 results:

Intel logoIntel Corporation today reported first-quarter revenue of $7.1 billion, operating income of $670 million, net income of $647 million and earnings per share (EPS) of 11 cents.

This performance was well in excess of analyst forecasts of 3 cents per share, but less than half of what the company did in the same period last year (25 cents).