Intel's Earnings Far Exceed Expectations, Stock Surges 28% to New All-Time High

(CNA, New York, 24th, comprehensive foreign dispatch) US chipmaking giant Intel announced its first-quarter financial report, which far exceeded Wall Street's expectations. Its stock price surged 28% at the opening today to a record high, reaching $85.22 at one point.

According to Business Insider, Intel reported that its revenue for the last quarter grew by 7.2% to $13.58 billion from $12.67 billion in the same period last year, higher than the market expectation of $12.42 billion.

In addition, Intel's earnings per share (EPS) for the first quarter of this year reached $0.29, significantly beating analysts' estimates of $0.01.

Intel's stock has performed strongly recently, and with today's surge, its year-to-date gain has reached 120%. (Translation: Chang Cheng-chien) 1150424

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