Intel Q2 revenues double in a year

Intel has forecast Q3 revenue of between €6.9bn and €7.5bn after reporting yesterday that Q2 earnings had doubled from a year ago.

Earnings amounted to 14 cents per share on Q2 revenue of €6.8bn.

However, the computer chip manufacturer warned that it was becoming increasingly difficult to predict economic forecasts.

The company which employs 3,000 people in Ireland said strong sales from its Pentium and other microprocessors contributed to the figures.

Shares of Intel closed on the Nasdaq at $24.10 - up 8 cents on the day.

This represents an increase of around 44% since the beginning of the year.