Intel third quarter profit beats forecast but outlook cloudy


  • Business
  • Wednesday, 15 Oct 2008

SAN JOSE, California (AP) - Intel Corp.'s third-quarter profit rose 12 percent, edging past Wall Street's estimates, but the chip maker cautioned that the pall the financial crisis has cast over the technology sector makes it hard to predict its results for the current period.

The company reported after the market closed Tuesday that its profit for the three months ended Sept. 27 was $2.01 billion, or 35 cents per share.

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