Intel's quarterly revenue edges past estimates

Intel Corp reported quarterly revenue slightly above analysts` expectations on Wednesday, as growth in its data centres and Internet-of-Things businesses helped offset weak demand for personal computers that use the company`s chips.

The company`s net income fell to $2.71 billion for the second quarter ended June 27, from $2.80 billion a year earlier. Earnings per share, however, were flat at 55 cents, due to a fall in the number of weighted average shares outstanding.

Net revenue fell to $13.19 billion from $13.83 billion, the company said.

Analysts on average had expected a profit of 50 cents per share and revenue of $13.04 billion, according to Thomson Reuters I/B/E/S.