The earnings announcement stream continues. Intel posted EPS of $0.33 vs $0.28 consensus. Revenue at $9.4 billion down 7.8% compared with the same period last year. The consensus was at $9.06 billion. More from Reuters: Intel quarterly results beat Street. The earnings season is proving to be what I wrote earlier “better than expected” earnings on cost cutting. It can’t go on indefinitely, we have to see some growth in revenue.

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