Intel Sales, Profits Beat Expectations
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Microchip maker Intel Corp.  INTC.O 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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Santa Clara - Semiconductor giant Intel on Tuesday said its third-quarter profit jumped 15 percent from a year ago to $1.9 billion (R12.
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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 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 officials said yesterday that the company's fourth-quarter revenue will total between $9.3 billion and $9.5 billion, pushed up by demand for its desktop, notebook and server processors.
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Intel Corp. , the world's largest maker of microchips, on Thursday raised its quarterly revenue outlook, citing strong worldwide demand for its microprocessors and reduced levels of inventories, and its shares jumped more than 7 percent in after-hours trading.
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Strong holiday sales of computer and cell phone chips boosted Intel Corp.'s fourth-quarter sales to a record &#36;9.6 billion, but the world's largest chip maker saw profits slip 2 percent from the same period last year.
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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%.
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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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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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Intel&#39;s revenue increase for the fourth quarter fell short of analysts&#39; estimates in part because of weak prices for memory chips.The company recorded revenue of $10.7 billion, up 10.5 percent year over year, missing the $10.8 billion estimated by analysts polled by Thomson Financial.Though revenue from computing-related products was as expected, NAND memory revenue was lower than expected, Intel said in a news release.The company reported net income of $2.27 billion, below analysts&#39; estimates of $2.38 billion. Earnings per share were $0.38.Intel in November rolled out its next-generation Penryn processors,&#160;which the company claims provide better power efficiency and graphics performance than its earlier chips. Manufactured using the 45-nanometer process, the company first launched Penryn chips for workstations and in early January rolled out 45-nm chips for servers, laptops, and desktops.Intel is expected to launch processors for its Montevina platform, an upgrade to its mobile Centrino platform, later this year. It will also roll out Menlow, a platform for ultramobile computers, later this year. Intel is also working on a new chip architecture code-named Nehalem, which will appear in late 2008.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest maker of microchips, on Thursday raised its quarterly revenue outlook, citing strong worldwide
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Chipmaker Intel predicts that strong demand means its three month results will beat earlier forecasts.
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Microprocessor giant Intel slightly exceeded the lowered third-quarter expectations it had set for itself last month. But growth was inhibited by inventory adjustments at some of major customers and lower than expected PC demand.
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Eking out a strong finish to a disappointing year, Intel, the world&#39;s largest semiconductor maker, raised its revenue forecast for the fourth quarter on Thursday, citing
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Chip-maker Advanced Micro Devices Inc. posted a 30 percent increase in sales and a third-quarter profit Thursday as demand for its microprocessors continued to grow despite competition from its much larger rival Intel Corp.
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Intel Corp. INTC.O 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.