Intel beats estimates

INTC closed 2.06% up on expectations on the earnings to be released after regular trading today. The numbers came in favorable:

Intel Corp. said Tuesday that its second-quarter sales fell compared to the same quarter a year ago, but that business is picking up fast.

Even as revenue declined from last year, sales figures were better than what analysts had expected. Profits for the quarter were stung by a one-time fine from the European Commission.

At the time of writing INTC is up 8% in after-hours trading, a good sign for tomorrow.

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Intel tops forecasts, sees sales picking up