Intel Earnings $0.53 Per Share On Q1

Intel Corporation (NASDAQ:INTC) announced its earnings for the first quarter of 2012 today after the market closed. The company announced earnings of $0.53 per share for the period. Analysts had expected the company to earn $0.51 on revenues of $12.83 billion. The revenues reported today were of $12.9 billion. In the same quarter of last year the company announced revenue of slightly higher at $12.87 billion and earnings per share of $0.56 per share.

The company faces worries in recent years as competition has risen in the processor market and Intel has fallen...