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(Reuters) – Intel's profits and quarterly results surpbaded expectations on Thursday, raising hopes that the recent drop in chip demand will subside after the worsening trade war between the United States and China.
Net income fell to $ 4.2 billion, or 92 cents a share, in the second quarter, from $ 5 billion, or $ 1.05 a share, a year earlier.
Net revenues fell 3% to $ 16.5 billion.
Excluding extraordinary items, the company realized $ 1.06 per share.
Analysts on average expected an adjusted profit of 89 cents per share and a turnover of $ 15.7 billion, according to IEFS data from Reventiv.
(Reuters)
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