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Q1 Earnings: Intel achieves profit, but down -55% Q1 Earnings: Intel achieves profit, but down -55%
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Q1 Earnings: Intel achieves profit, but down -55%
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Old 15th April 2009, 12:54   #1
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Default Q1 Earnings: Intel achieves profit, but down -55%

Intel beat Wall Street expectations [consensus: $7.0B, $0.03], achieving a revenue of $7.1 billion and a profit of $647 million and if you own a share of INTC , you just earned 11 cents. On the downside, last year, you would have earned over one dollar for the same time period, which was a result of revenue dropping by 26% while the income/profit dipped by 55%.

On the upside, even with arecession of this magnitude, the semiconductor industry has shown its resilience - people need computing devices. If the commercial sector fails, there is always the consumer one, and vice versa. The company refused to provide any revenue outlook for actual, second quarter 2009 - but Intel's President and CEO, Paul Otellini stated that "the industry bottomed out in the first quarter and that the industry is returning to its normal seasonal patterns".
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