Intel says, “What Recession?” (INTC)
Intel Corp. (NASDAQ: INTC) has reported its earnings. The chip and processor giant posted $0.28 EPS and $9.5 Billion in revenues. Gross margin was 55.4%. First Call estimates were $0.25 EPS on $9.32 Billion in revenues and prior guidance was…
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Intel Corp. (NASDAQ: INTC) has reported its earnings. The chip and processor giant posted $0.28 EPS and $9.5 Billion in revenues. Gross margin was 55.4%. First Call estimates were $0.25 EPS on $9.32 Billion in revenues and prior guidance was $9.0 to $9.6 Billion in revenues and 56% margins plus or minus.
For next quarter it is offering guidance of $10.0 billion to $10.6 billion in revenues and 58% gross margin plus/minus a couple points. First Call shows next quarter estimates as $0.34 EPS on $10.07 Billion in revenues. It is forecasting 57% plus/minus a couple points for fiscal 2008, but did not give revenue or EPS guidance. Estimates for fiscal 2008 are $1.25 EPS on $39.94 Billion in revenues.
Intel traded up 1.17% at $20.71 at the close and shares are initially up 3% at $21.35 in the initial after-hours reaction before going right back to flat. The post-earnings whip saws continue.
Jon C. Ogg
July 15, 2008
Contact [email protected] for any questions or corrections.
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