“Renewable energy is proven technology, the price is dropping, the rest of the world is going that way, that's where our investment should be going as well.”

Bob Brown




Intel's profits take a bath Print
Written by Rob Squires   
Friday, 16 January 2009

Image

INTEL'S FOURTH-QUARTER PROFITS are off by 90 percent from last year, but met Wall Street's expectations when they were announced today.  Overall sales have slumped 23 percent, which was in line with Intel's adjustments.

Net income was $234 million, or 4 cents per share, compared with $2.3 billion, or 38 cents per share, in the year-ago period.  Intel's sales were $8.2 billion, a 23 percent shortfall from last year. Intel blunted the shock of the big declines by lowering its guidance twice, including an announcement last week.

Intel also annouced their first-quarter forecast of around $7 billion in sales.  Analysts surveyed by Thomson Reuters were expecting $7.3 billion, on average, but estimates ranged from $6.6 billion to as high as $9.3 billion.
 
[ Back ]
© 2012 Network News Journal