Intel Corporation First-Quarter Earnings: Revenues Hit $12.8 Billion As Profits Meet Expectations

Struggling chipmaker Intel (NASD:INTC), which has seen its lock on chips that power personal computing devices erode as consumers and businesses shift from PCs to smartphones and tablets for information, on Tuesday reported first-quarter results that slightly missed analysts' expectations for sales. For the period ended March 31, the Santa Clara, California, company reported earnings per share of 41 cents, up 8 percent from the year-earlier period. Revenues came in flat at $12.8 billion. Net inc...