For 2009 Intel posted revenue of $35.1 billion. The company reported full-year operating income of $5.7 billion, net income of $4.4 billion and EPS of 77 cents. The company generated more than $11 billion in cash from operations and paid cash dividends of $3.1 billion.
“Intel’s strong 2009 results reflect our investment in industry-leading manufacturing and product innovation,” said Paul Otellini, Intel president and CEO, in the press release. “This strategy has enabled us to generate unprecedented operating efficiencies while growing our traditional businesses and creating exciting new market opportunities, even in difficult economic times. Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world. Looking forward, we plan to deliver the benefits of computing to an expanding set of products, markets and customers.”
Eric Savitz reports for Barron’s, “Revenue was $10.6 billion, up 28% from a year ago, and well ahead of the Street at $10.17 billion. GAAP EPS of 40 cents was up from 4 cents a year ago, and a dime ahead of the Street. Non-GAAP EPS of 55 cents was up from 15 cents a year ago. Gross margin was 64.7%, up 11.6 points from a year ago, and up 7 points sequentially.”
Savitz reports, “In remarks prepared for the company’s conference call this afternoon, Intel CFO Stacy Smith indicates that the company has ‘seen a return of consumer demand and replenishment to normal inventory levels after the precipitous demand drop at the end of 2008 and the beginning of 2009.'”
Full article here.
MacDailyNews Take: Congrats, Intel!
(Yes, we still involuntarily cringe – just a little bit – when congratulating Intel. Old habits die hard.)
and aapl is down because wall street is expecting apple to report mediocre numbers when they will report their earnings in roughly a week?
how clueless are they?
Have they paid their $1.5bn EU antitrust fine yet?
and aapl is down because wall street is expecting apple to report mediocre numbers when they will report their earnings in roughly a week?
how clueless are they?
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ridiculous, if anything they should be up, cuz we just saw Google pull out of China, which bodes well for the iPhone in China… (yes it could hurt Android if “China doesn’t like you ” )
@ MDN
I still cringe, too. But that’s nothing compared to the satisfaction I get when Moto tanks. Let’s just be glad that war is over.
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They blew out numbers, but are up only 1% in after-hours (on top of 2.5% gain in regular day action). WTF. Voodoo, that’s what it is.
Options expiration tomorrow. Apple is almost certain to finish right at 210 as the most calls and most puts are at that level. After that, I suspect the stock will just follow the market or trade down until earnings and the inevitable Announcement. If you see it dip to 200 this week Buy Buy Buy!
Actually, Apple is up in after-hours trading.
Intel sure didn’t pay much tax on their profit.
ummm… up 875%? Joke or typo?
MDN magic word “what” – as in what the heck?
C’mon guys. Apple’s hardware performance is the best it’s ever been. AND we’ve finally got price parity between Apple and PC hardware. I’d say the switch to Intel has been a HUGE win for Apple and of course the users and shareholders as well.
Of all the great technical and strategic judgements Job’s has done since his return to Apple, for the Mac franchise, I think the move to Intel has to be either #1 or #2 on the list.
And today Intel stock INTC is down because of earnings lower than expected.
Isn’t there a slight contradiction here?