Intel quarterly profit dropsApril 18th, 2012 - 2:15 pm ICT by IANS
San Francisco, April 18 (IANS) Intel has reported that its profit in the most recent quarter fell nearly 13 percent, but the results still beat analysts’ estimates.
In the company’s 2012 first quarter ending March 31, Intel posted the net income of $2.74 billion, compared with $3.16 billion in the same period a year earlier, reported Xinhua.
Excluding certain items, the world’s largest computer chip-maker earned 56 cents per share, down from 59 cents per share in the year-ago quarter.
Intel’s revenue reached $12.91 billion in the quarter, slightly up 0.5 percent year-on-year.
Analysts had expected the company to earn 50 cents per share on revenue of $12.85 billion, according to a consensus survey by FactSet Research.
Sales in Intel’s three major business groups including the PC client and data center all declined from that in the year-ago period and in the previous quarter, but the company sounded optimistic while releasing the latest results.
“The first quarter was a solid start to what’s expected to be another growth year for Intel,” Paul Otellini, Intel’s chief executive officer, said in a statement Tuesday.
- HP posts decline of quarterly profit, sales - Feb 23, 2012
- Profits slump at world's top chipmaker Intel - Apr 15, 2009
- Apple quarterly results exceed expectations - Apr 25, 2012
- Intel Forecasts Enliven Wall Street, Stock Prices Soar Upwards - Jul 14, 2010
- Infosys lowers guidance for fiscal 2013 (Lead) - Apr 13, 2012
- infosys revenue guidance dips on negative growth (Lead) - Jul 12, 2012
- Intel to buy McAfee in $7.7-bn deal - Aug 19, 2010
- HP quarterly profit plunges - Nov 22, 2011
- Intel profits drop 55 percent - Apr 15, 2009
- Intel reports 90-percent earnings drop as chip sales falter - Jan 16, 2009
- Bank of America earnings beat estimates - Apr 20, 2012
- BRIC revenues help push IBM profits - Apr 18, 2012
- Sonata Software net dips 64 percent in second quarter - Nov 04, 2011
- Exxon Mobil's earnings fall - Apr 27, 2012
- HP to keep PC business - Oct 28, 2011
Tags: 50 cents, business groups, chief executive officer, computer chip maker, consensus, estimates, first quarter, intel, largest computer, net income, paul otellini, quarterly profit, san francisco, xinhua