THE RESULTS: Intel‘s first-quarter earnings fell 13 percent as spending on research and marketing rose while revenue was flat.
THE RESPONSE: Although results beat analyst expectations, Intel’s stock fell in after-hours trading. It had hit a seven-year high of $28.78 in regular trading earlier Tuesday.
BEHIND THE NUMBERS: The first quarter saw the launch of a new generation of chips for server computers, but more important developments lie ahead, accounting for some of the increase in expenses. Intel added revenue from acquisitions, but that was offset by the fact that this year’s quarter was one week shorter than last year’s.
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