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. Last Updated: 07/27/2016

Intel Earnings Rise

SAN JOSE, California -- Helped by a surge in PC sales, computer chip giant Intel Corp. smashed fourth-quarter earnings expectations.

Intel, the world's leading computer-chip maker, earned $2.41 billion, or 69 cents a share, in the three months ending Dec. 26, excluding $300 million in one-time acquisitions that reduced the company's net profit to $2.11 billion, or 63 cents a share, for the quarter.

In the same period last year, Intel earned $2.06 billion, or 60 cents a share. Wall Street had expected an operating profit of 63 cents a share, according to a survey of analysts by First Call/Thompson Financial.