Intel Q1 Profit Meets Estimate; Revenue Falls Shy

(RTTNews) - Intel Corp. (INTC) reported net income for the first quarter of $2.0 billion or $0.41 per share, compared to $1.9 billion or $0.38 per share for the year-ago quarter.

Revenue for the first quarter grew slightly yp $12.78 billion from $12.76 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.41 per share on revenue of $12.90 billion for the first quarter.

Looking forward to the second quarter, the company forecasts revenue of $13.2 billion, plus or minus $500 million, and gross margin of 62%, plus or minus a couple of percentage points.

For the full year 2015, the company expects revenue to be approximately flat and gross margin to be 61%, plus or minus a couple of percentage points.

Analysts currently expect the company to post revenue of $13.51 billion for the second quarter and $55.69 billion for the full year 2015.