Intel earnings ahead of expectations
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Blog: The past year was rough, but Intel's back to giving Wall Street what it wants: solid gains in both revenue and profits.
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SANTA CLARA, Calif., Oct. 12, 2004 - Intel Corporation today announced third-quarter revenue of $8.5 billion, up 5 percent sequentially and up 8 percent year-over-year.
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NEW YORK - Intel certainly surprised many semiconductor industry watchers today with its improving sales forecasts for the current quarter, but not everyone is convinced that all is as rosy as it seems at the world&#39;s biggest chipmaker.
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Intel Corp. INTC.O, the largest  maker of microchips, on Thursday raised its quarterly revenue  outlook, citing strong worldwide demand for its  microprocessors, and its shares jumped more than 7 percent in  after-hours trading.
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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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Microchip maker Intel Corp. on  Tuesday reported its highest-ever quarterly revenue and boosted  its budget for factory and manufacturing investments by more  than $1 billion as profits exceeded Wall Street expectations.
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The world's largest chipmaker posts its best quarterly sales figures, boosting optimism about profits in the industry.
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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 expects a much better performance in the first half of next year, CEO Craig Barrett said Thursday. In October, the bellwether for the technology sector reported a 15 percent rise in third-quarter earnings
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Intel Corp , the world's largest chip maker will probably generate double-digit annual earnings growth over the next several years and extend its lead over rival Advanced Micro Devices Inc , especially if the economy falters, Barron's said.
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Intel Corp.&#39;s third-quarter profits jumped 15 percent and sales edged higher even though the semiconductor giant struggled with weak demand for desktop computer microprocessors, excess inventory and growing competition.
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Third-quarter revenue was $8.47 billion, up 8 percent from last year's third-quarter revenue of $7.83 billion. Intel shipped a record number of processors in the quarter, but it had forecast even higher growth coming off of its second-quarter earnings conference call.
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The world's largest chipmaker posted a whopping profit but investors concerns centered around lower-than-expected sales.
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Intel Corp. , the largest maker of microchips, on Thursday raised its quarterly revenue target, citing strong worldwide demand for its microprocessors, and its shares jumped nearly 6 percent in after-hours trading.
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Intel Corp. said Tuesday its second-quarter profit jumped 44 percent on strong sales of microprocessors even as the company faced fierce competition that pushed prices lower.
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The computer maker's earnings hit estimates, but investors hoped for more.
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Intel (INTC:Nasdaq - news - research) delivered part of the news that Wall Street wanted to hear Thursday, raising its projections for revenue in the fourth quarter by nearly 6%.