Tech
Intel posts profit even as it struggles to regain market share
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Intel has posted a profit in its first quarterly report since the U.S. government became a major shareholder in the struggling chipmaker.
The one-time American tech icon reported a net income of $4.1 billion, or 90 cents per share, in the three months ending in September, up from a loss of $17 billion, or $3.88 per share, a year earlier. Revenue climbed 3% from last year to $13.7 billion.
Stock in the company rose nearly 8% in after-hours trading to $41.10, adding to strong gains since the United States invested in the summer.
Recently installed CEO…
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