Intel shares at a 10-year high

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Wednesday, July 16, 2014

The chipmaker's Q2 results show that sales jumped 8% from last year, Intel's fastest growth since 2011.

Intel had been forecasting its third straight year of flat sales in 2014, but now says revenue will climb 5 percent this year.

Intel's second-quarter sales totaled $13.8 billion, up 8 percent from a year earlier. Profits were $2.8 billion (55 cents a share) compared to $2.0 billion (39 cents a share) last year. Both sales and profits were slightly above analysts' consensus estimates.

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