Intel slips in after-hours trading after missing analysts’ expectations by a penny

“Intel boosted revenue by 18% year over year but, including a legal charge, the company missed analysts’ earnings expectations by a penny,” Bill Snyder reports for TheStreet.com. “The giant chipmaker also said sales in the fourth quarter are likely to be a bit below Wall Street’s estimates. Following the announcement, shares of Intel slipped 3%, or 74 cents, $22.98 in after-hours trading… The company earned a profit of $2 billion, or 32 cents a share, including a four-cents-a-share charge related to repatriated earnings and a 2-cents-a-share legal charge. The four-cent charge had been included in the company’s guidance and First Call estimates, but the unexpected two-cent charge was not. On that basis, analysts were expecting a profit of 33 cents a share.”

Snyder reports, “Total revenue in the September quarter was $9.96 billion, up 8% sequentially. Net income of $2 billion was up 5% year over year and down 2% sequentially. Analysts had expected the company to post revenue of $9.92 billion in the third quarter. CEO Paul Otellini expressed satisfaction with the quarter, saying, ‘We achieved all-time records in company revenue and unit shipments across all of our major product lines.’ For the fourth quarter, Intel expects revenue between $10.2 billion and $10.8 billion. Analysts were expecting $10.7 billion, a bit above than the mid-point of the company’s guidance.”

Full article here.

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10 Comments

  1. Intel missed their estimate by a penny and their stock drops? Oh My God! The company is doomed! And will obviously collapse like Enron at any moment! We will have to use the adjective “beleaguered” from now on any time we mention Intel.

    Dolts.

  2. Theman-X,

    Are you OK? Or have you just been hiding under a rock for the past year? Intel will soon be Apple’s SINGLE SOURCE of processor chips, so, like it or not, they will be joined at the hip with Apple. One rises, the other rises; one sinks, the other sinks. Get used to it.

  3. Why do people care so much about what these analysts think? All they are doing at BEST is making intelligent guesses. At worst, they are just talking out of their asses. I could see why the company’s own forcasts would be important, but these analysts, what do they know? It’s not like they work for the company…

  4. “Intel missed their estimate by a penny and their stock drops? Oh My God! The company is doomed! And will obviously collapse like Enron at any moment! We will have to use the adjective “beleaguered” from now on any time we mention Intel.

    Dolts.”

    No one said anything about Intel going out of business. Intel is the future of Macs now, so no one here would be happy about bad news about Intel. Whi’s the dolt?

  5. No one said anything about Intel going out of business. Intel is the future of Macs now, so no one here would be happy about bad news about Intel. Whi’s the dolt?

    Ummm . . . you are.

    Sarcasm. Look it up.

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