Intel Corporation today reported second-quarter revenue of $8.0 billion. Excluding the effects of the European Commission fine, the company had non-GAAP operating income of $1.4 billion, net income of $1.0 billion and EPS of 18 cents. On a GAAP-basis, the company reported an operating loss of $12 million, a net loss of $398 million and a loss per share of 7 cents.
Intel had a relatively good quarter, with a net income of 1.0 billion dollars, the problem was the above mentioned fine, of 1.44 billion dollars.
Investors don't seem to mind, Intel climbed around 7% today, on news that the PC industry is recovering.
Don't expect Intel to sell itself(read CPUs) cheap anytime soon: operating margins were also up this quarter.
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