Intel's profit soars, beats estimates

    Intel's profit soars, beats estimates


    Posted: 20 Apr 2010
    Intel Corp. posted a first-quarter profit and revenue that beat Wall Street expectations on Tuesday, as the world's largest microchip maker became the first major technology company to report results for the period.

    Intel (INTC, Fortune 500) earned a profit of $2.4 billion, or 43 cents per share, during the three months ended March 27. That's almost four times what the Santa Clara, Calif., company reported for the first quarter of 2009, amid the downturn.Analysts polled by Thomson Reuters expected the chip giant to earn 38 cents per share.

    Intel's quarterly sales rose 44% to $10.3 billion, the highest the company has ever reported for its first quarter of the year. The revenue also topped analysts' forecast of $9.8 billion.

    Revenue for Intel's PC unit rose 43% from a year earlier, but remained flat compared to a quarter earlier. Higher average selling prices were offset by volume declines, Intel chief financial officer Stacy Smith said...
    More...
    Dave76's Avatar Posted By: Dave76
    20 Apr 2010



  1. Lee
    Posts : 1,796
    Win 7 Pro x64, VM Win XP, Win7 Pro Sandbox, Kubuntu 11
       #1

    . . .just good business.
      My Computer


  2. Posts : 11,990
    Windows 7 Ultimate 32 bit
       #2

    Good for them. I love to see businesses making a profit.
      My Computer


 

  Related Discussions
Our Sites
Site Links
About Us
Windows 7 Forums is an independent web site and has not been authorized, sponsored, or otherwise approved by Microsoft Corporation. "Windows 7" and related materials are trademarks of Microsoft Corp.

© Designer Media Ltd
All times are GMT -5. The time now is 10:23.
Find Us