July 17, 2001

Intel and Apple run the numbers

Author: JT Smith

Two major American technology companies announced earnings today. First up is Intel, who beat analyst expectations for its second quarter with net income of $854 million, or 12 cents per share. Analysts were expecting 10 cents a share. While better than expected, the figure was a 76 percent drop from 2Q 2000. Cupertino, Calif. computer maker Apple reported earnings of $61 million, or 17 cents a share. In the same quarter for last year, the company had earnings of $200 million, or 55 cents per share.

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