Intel 2Q profit jumps 44 percent

Sidney · 18th July 2007, 01:12

SAN JOSE, Calif. (AP) - Intel (NASDAQ:INTC) Corp. said Tuesday its second-quarter profit jumped 44 percent on strong sales of microprocessors even as the company faced fierce competition that pushed prices lower.

After hitting a new 52-week high during regular session trading, Intel's stock fell more than 4 percent in after-hours trading.

The Santa Clara-based chip maker's net income for the three months ended June 30 was $1.28 billion, or 22 cents per share, compared with $885 million, or 15 cents per share during the same period last year.

Were it not for certain one-time tax gains, Intel's profit for the latest quarter would have been lower by 3 cents per share. Analysts surveyed by Thomson Financial were expecting Intel to earn, on average, 19 cents per share.

Intel's shares, which were up 29 percent on the year prior to the earnings announcement, shed $1.26, to $25.07, in after-hours trading Tuesday.

http://money.cnn.com/news/newsfeeds/...3-18204844.htm

jmke · 18th July 2007, 09:18

if they had abandoned the P4 earlier, they would have seen increases sooner too

18th July 2007, 10:03

the margin is crap tough

Sidney · 18th July 2007, 18:30

@Rutar, light at the end of the tunnel.

Quote:

Another analyst, John Lau of Jefferies & Co., raised his price target for Intel to $29 from $25, saying the company "remains well positioned to regain market share on the back of its new products and its manufacturing prowess."

http://www.reuters.com/article/hotSt...38778520070718

18th July 2007, 19:06

the only way to tell is Penryn vs Barcelona shootouts, if they can maintain a lead it would mean better prices and sales

18th July 2007, 01:12	#1
Sidney Member Join Date: Mar 2004 Posts: 15,738	Intel 2Q profit jumps 44 percent SAN JOSE, Calif. (AP) - Intel (NASDAQ:INTC) Corp. said Tuesday its second-quarter profit jumped 44 percent on strong sales of microprocessors even as the company faced fierce competition that pushed prices lower. After hitting a new 52-week high during regular session trading, Intel's stock fell more than 4 percent in after-hours trading. The Santa Clara-based chip maker's net income for the three months ended June 30 was $1.28 billion, or 22 cents per share, compared with $885 million, or 15 cents per share during the same period last year. Were it not for certain one-time tax gains, Intel's profit for the latest quarter would have been lower by 3 cents per share. Analysts surveyed by Thomson Financial were expecting Intel to earn, on average, 19 cents per share. Intel's shares, which were up 29 percent on the year prior to the earnings announcement, shed $1.26, to $25.07, in after-hours trading Tuesday. http://money.cnn.com/news/newsfeeds/...3-18204844.htm __________________ lazyman Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II

18th July 2007, 09:18	#2
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	if they had abandoned the P4 earlier, they would have seen increases sooner too __________________

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18th July 2007, 10:03	#3
Rutar Posts: n/a	the margin is crap tough

18th July 2007, 19:06	#5
Rutar Posts: n/a	the only way to tell is Penryn vs Barcelona shootouts, if they can maintain a lead it would mean better prices and sales