Intel Quarter Beats Estimates, Chipmaker Ups Revenue Forecast

By Reuters  |  Posted 2009-10-13 Email Print this article Print
 
 
 
 
 
 
 

Intel's third quarter came in ahead of analyst estimates and Intel forecast higher than expected revenues for next quarter on recovering demand for personal computers.

SAN FRANCISCO (Reuters) - Intel Corp (NASDAQ: INTC) reported higher-than-expected quarterly results and forecast revenue for the current quarter ahead of Wall Street targets on recovering demand for personal computers.

Intel on Tuesday reported a net profit in the third quarter ended September 26 of $1.9 billion or 33 cents per share, compared with a net profit of $2.01 billion, or 35 cents per share, a year earlier.

That result exceeded the 28 cent per-share profit expected on average by analysts, according to Thomson Reuters I/B/E/S.

Revenue fell 7.8 percent to $9.4 billion from $10.2 billion a year ago, but surpassed the $9.06 billion expected by analysts polled by Thomson Reuters I/B/E/S.

Intel forecast fourth quarter revenue of $10.1 billion, plus or minus $400 million, and said fourth quarter gross margins should be 62 percent, plus or minus 3 percentage points. Analysts polled by Thomson Reuters I/B/E/S are, on average, expecting a fourth quarter revenue of $9.5 billion and a gross margin of 56.86 percent.

Shares of the Santa Clara, California-based company closed up 0.44 percent at $20.49 in regular-session trade on the Nasdaq.

(Reporting by Clare Baldwin and Ian Sherr; Editing by Phil Berlowitz) 

 
 
 
 
 
 
 
 
 
























 
 
 
 
 
 

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