Intel Corp (INTC) released earnings after the close that pushed the stock up as high as 8% in after-hours trading. The chip maker earned $0.55 a share which is right on target with what they earned in the second quarter of 2014. According to Thomson Reuters, Intel was expected to earn $0.50 per share, meaning a $0.05 beat for the chip maker. Sales were expected to come in at 1$3.8 billion but were reported at $13.2 billion. Gross margins were expected to be 61.84% and came above estimates which were at 62.5%. TheStreet’s Whalen MacHale reports from New York.
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