Intel (NYSE: INTC) said its second-quarter earnings were 18 cents a share. The results exceeded expectations by about a dime per share.

The company reported the results after the market closed. Shares gained $1.33, or +7.9%, after-hours.

Intel, the second Dow component to report earnings today, after antitrust fine from the European Union. Including the fine, Intel would have lost 7 cents a share, or an overall $398 million.

Despite challenging business conditions, Intel has maintained research and development expenditures at roughly the same levels as in the past three years. Innovation has been key to Intel's success, in some cases enabling it to follow Moore's Law, which states that the speed of chip-based computing will double every two years. The tenet is named after Gordon Moore -- an Intel founder. Its current breakthroughs involve chips that can operate using less power.

Kyle Hartman
Staff Writer
StreetAuthority

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