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The takeaway: There was a point not long ago when Intel was in so much trouble that a takeover of the company seemed inevitable. Now, Team Blue has turned its business around to the point where it's just experienced its fastest growth in 15 years, but it's come at a very high cost.
Intel reported second-quarter revenue of $16.1 billion, up 25% year over year and well ahead of Wall Street's expectations. Adjusted earnings reached $0.42 per share, almost double analysts' forecasts, while the company expects current-quarter sales of between $15.8 billion and $16.8 billion.
Courtesy of the Financial Times
