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Intel Reports Stronger Q2 2014, Raises Expectations

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Intel reported stronger than expected quarterly earning for the second calendar quarter of 2014. In Q2 2014, Intel [NASDAQ:INTC] managed to report $2.8 billion in profit on $13.8 billion in revenue. As a result, they reported an earnings per share of $0.55 and generated $5.5 billion in cash from operations. They also paid out dividends of $1.1 billion and used $2.1 billion to repurchase 74 million shares. Now, compared to the previous quarter Intel’s revenue of $13.8 billion was $1 billion or 8% higher than the $12.8 billion reported last quarter. Additionally, they reported an increase of nearly 5% to their gross margin to 64.5%