Intel profit jumps 45 percent despite price war
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(InfoWorld) - Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion as low selling prices for its microprocessors were offset by higher than expected unit shipments. The results came despite an ongoing price war as Intel and rival AMD struggle for larger shares of the processor market. Both companies have been cutting prices on their chips as they upgrade their products from standard chips to dual-core and quad-core processors. Intel is also in the final stages of a corporate reorganization that included the layoffs of thousands of workers in 2006, and at least 1,800 more layoffs planned for August. The company incurred restructuring charges of $82 million during the most recent quarter as it continued to adjust to the changes, Intel said on Tuesday. Despite those challenges, Intel earned $0.22 per share on revenue of $8.7 billion for the quarter ending June 30, beating Wall Street expectations that the company would earn $0.19 per share on revenue of $8.54 billion, according to analysts polled by Thomson Financial. Intel also beat its own mark from the second quarter of 2006, when it earned $0.15 per share on revenue of $8.01 billion.
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Intel Corp.  on Tuesday said quarterly profit rose 15 percent, helped by record sales in Asia and stronger demand for notebook and server computer chips, and gave an outlook that reassured jittery investors that it could grow despite tough market conditions.
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Intel Corp  on Tuesday  posted a 51 percent rise in quarterly net income, paced by  brisk sales of its microprocessors used in notebook personal  computers, and gave a forecast that lagged some analyst  estimates.
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Chip maker Intel (INTC ) caught Wall Street by surprise on Dec. 2 when it significantly raised fourth-quarter revenue estimates. But the news wasn&#39;t all rosy, as Intel failed to raise estimates dramatically for its closely watched gross-margin figure.
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Intel Corp. , the largest maker of computer processors, posted a rise in second-quarter earnings on Tuesday, reflecting greater strength against rival AMD.
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Intel Corp. , the largest maker of computer processors, posted a 44 percent rise in quarterly profit on Tuesday but gross margins missed its target and shares fell nearly 5 percent.
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Intel Corp.&#39;s fourth-quarter sales are on track to break a company record as demand for the chips that power computers was stronger than originally expected in the weeks leading up to the holiday buying season.
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Samsung Electronics Co. Ltd.'s quarterly  profit jumped 46 percent from a year ago on strong memory chip  earnings, but fell from the previous quarter on sinking prices  of flat screens for TV and computers.
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Intel Corp  on Monday raised its third-quarter revenue forecast and said gross margins would be at the high end of its target range, citing stronger-than-expected global demand for computing products.
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The chipmaker posted an 18 percent increase in fiscal first-quarter profit on strong demand for cell phones that surf the Internet and download music and video.
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Samsung Electronics Co. Ltd.&#39;s (005930.KS: Quote, Profile, Research) quarterly profit jumped 46 percent from a year ago on strong memory chip earnings, but fell
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Intel Corp.&#39;s shares climbed nearly 6 percent Friday after saying its fourth-quarter sales are on track to break a company record because demand for the chips that
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Intel Corp. , the largest maker of computer processors, posted a rise in second-quarter earnings on Tuesday, but missed its gross profit margin goal and its shares fell nearly 5 percent.
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Intel said its quarterly profit rose 44 percent over last year, reaching $1.3 billion.
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Intel Corp., the worldâs largest semiconductor producer, said yesterday its third-quarter profit rose at the slowest pace in five quarters on record stockpile of computer chips, growing competition and slow sales of PCs.
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Intel reported its third-quarter profit rose 15 percent from a year earlier, though it continued to struggle with an inventory glut.
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South Korea's Hynix Semiconductor Inc. said fourth-quarter profit rose 35 percent to a record high, beating estimates, on strong sales of computer memory chips, but forecast steep falls in chip prices.