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Intel Reports Surprise Profit in Q2, Forecasts Better Earnings for Q3
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Intel reports surprise profit in Q2, with revenue of $12.9 billion and a 15.5% decrease compared to the previous year. The company forecasts better profit margins and higher earnings per share for Q3. Intel's stock price jumps 6% after the results.
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How did Intel manage to achieve a surprise profit in Q2 despite the 15.5% decrease in revenue?
How might the persistence of server CPU inventory digestion in the second half of the year impact Intel's performance?
What factors contributed to Intel's forecast of better profit margins and higher earnings per share for Q3?
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