Intel Corp. said its normalized net income for the fiscal first quarter ended March 28 amounted to 35 cents per share, compared with the S&P Capital IQ consensus estimate of 41 cents per share.
EPS climbed year over year from 34 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.72 billion, compared with $1.72 billion in the year-earlier period.
The normalized profit margin fell to 13.4% from 13.5% in the year-earlier period.
Total revenue came to $12.78 billion, compared with $12.76 billion in the prior-year period, and total operating expenses totaled $10.06 billion, compared with $10.12 billion in the prior-year period.
Reported net income increased from the prior-year period to $2.01 billion, or 41 cents per share, from $1.94 billion, or 38 cents per share.
