Intel Corp., theworld's largest maker of microprocessors, has postedlower first-quarter earnings in line with cautious expectationson revenues that were little changed.
Net income for the quarter was $915 million, or 14 centsper share, compared with $936 million, or 15 cents per share, ayear earlier, the Santa Clara, California-based company said.
Revenue was $6.75 billion compared with $6.78 billion ayear earlier.
Analysts, on average, had expected Intel to post earningsper share of 12 cents with forecasts ranging between 11 centsand 13 cents. Last month, Intel narrowed its revenue forecastrange to between $6.6 billion and $6.8 billion.