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Intel reports drop in first-quarter profit

SAN FRANCISCO (MarketWatch) - Intel Corp. reported first quarter net income of $1.44 billion, or 25 cents a share, compared with profit of $1.64 billion, or 28 cents a share, for the year-earlier period. Revenue was $9.7 billion, up from $8.85 billion the previous year. The company said the quarter included charges of 4 cents a share related to restructuring and asset impairment. Intel was expected to report earnings of 28 cents a share on revenue of $9.65 billion, according to a survey of analysts by FactSet Research. Intel said it expects second-quarter revenue of between $9 billion and $9.6 billion. The mid-point is slightly higher than the consensus projection of $9.26 billion, according to FactSet data.

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Original post by Forextvblog

This entry was posted on Tuesday, April 15th, 2008 at 4:28 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Intel reports drop in first-quarter profit”

  1. Forex » Intel reports drop in first-quarter profit Says:
    April 15th, 2008 at 6:46 pm

    […] Global FOREX Trading Information wrote an interesting post today onHere’s a quick excerptIntel reports drop in first-quarter profit April 15th, 2008 SAN FRANCISCO (MarketWatch) - Intel Corp. reported first quarter net income of $1.44 billion, or 25 cents a share, compared with profit of $1.64 billion, or 28 cents a share, for the year-earlier period. Revenue was $9.7 billion, up from $8.85 billion the previous year. The company said the quarter included charges of 4 cents a share related to restructuring and asset impairment. Intel was expected to report earnings of 28 cents a […]

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