Better-than-expected results boost Intel

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Better-than-expected results boost Intel

Shares of Intel Corp. rose to their highest level in 19 months after the biggest chip maker posted better-than-expected results for the third quarter, prompting several analysts to increase their annual targets. “The release of new products helped Intel’s profit in the third quarter more than double from the same period a year earlier, while strong sales of chips for laptops and servers helped pushed its gross margin to 58.2 per cent.”

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