Intel Q1 earnings get surprise tax boost: "SAN FRANCISCO (Reuters) - Intel Corp. (NasdaqNM:INTC - News) reduced its tax bill by $24 million in the first quarter, boosting net income by a penny per share above the level it reported on April 19, the world's largest chip maker said on Wednesday.
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'Subsequent to our earnings release on April 19, 2005, we recorded a tax adjustment that reduced the tax provision by $24 million,' the company said in a quarterly filing with U.S. securities regulators. "
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