Intel Q2 Profit Declines - Quick Facts

(RTTNews) - Intel Corp. (INTC) Wednesday reported second-quarter net income of $2.0 billion or $0.39 per share, down from $2.8 billion or $0.54 per share last year. Analysts polled by Thomson Reuters expected earnings of $0.40 per share. Analysts' estimates typically exclude special items.

Net revenues for the quarter dropped to $12.81 billion from $13.50 billion last year, while 40 analysts estimated revenues of $12.61 billion for the quarter.

Looking forward to the third quarter, Intel expects revenues of $13.5 billion, plus or minus $500 million. Analysts currently anticipate revenues of $13.73 billion for the quarter.

For the full year 2013, Intel expects revenue to be approximately flat year-on-year, down from prior expectations of low single digit percentage increase.