Intel on Tuesday reported a first-quarter profit that jumped more than 400 percent over the same period last year, citing strong demand for laptop chips.
The chipmaker's profit was $2.4 billion, or 43 cents per share, up 433 percent from the same period last year. Analysts were expecting a profit of 38 cents per share.
First-quarter revenue was $10.3 billion, up 44 percent over the same quarter a year ago.
Paul Otellini, Intel president and CEO, said it was Intel's best first quarter ever.
"Consumer and corporate are spending more on on horsepower. They're … Read more