U.S. Markets closed

Intel earnings: Meh

Matt Phillips

Chip giant Intel reported earnings per share of $0.40, matching consensus expectations. Sales of $12.58 billion, down 2.6% versus the prior year, just undershot expectations for $12.59 billion from Wall Street, according to data provider FactSet. Net income of $2.05 billion was 25% lower than the first quarter of 2012. Gross margins continued to decline, falling to 56%, from roughly 58% in the prior quarter and more than 63% in the prior year. Here’s a look at some of the key numbers, in charts.

They still don’t look great. But investors don’t seem to mind too much. Shares are up 1.5% in after-hours trading.

More from Quartz