Big earnings jump expected at Intel
Silicon Valley's July earnings season is expected to kick off after market close Tuesday with a big quarter from chipmaking giant Intel Corp.
The Santa Clara-based company (NASDAQ:INTC) is projected by analysts to post a 43-cent-a-share profit on a 27.7 percent growth in revenue to $10.25 billion from a year ago, according to Thomson Reuters.
Analysts will be on the lookout for evidence that the European economic turmoil is having an effect on chip demand payday loans for bad credit. But global numbers last week from the Semiconductor Industry Association showed a sequential increase of 4.5 percent from April when sales were $23.6 billion and a year-over-year increase of 47.6 percent from May 2009 when sales were $16.7 billion.
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