RtS, here's what WSJ says about INTC. It may be influential
>Intel Posts Rise in Net Income,
Says Outlook Remains Cloudy
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
SANTA CLARA, Calif. -- Intel Corp. reported a jump in net income amid flat revenue, and cautioned that its sales outlook remains uncertain heading into the fourth quarter.
Investors frowned on the results, sending the bellwether's shares down in after-hours trading. Late Tuesday, the stock changed hands at $14.65, down 11% from the 4 p.m. price, according to the Island ECN handbook. The stock had gained $1.42, or 9.4%, during the regular Nasdaq Stock Market session.
The chip maker reported third-quarter net income of $686 million, or 10 cents a share, compared with $106 million, or two cents a share, a year earlier.
Excluding acquisition-related costs of about $108 million, the company had a profit of 11 cents a share. Analysts expected the company to earn 13 cents a share, excluding acquisition costs, in the third quarter, according to Thomson First Call.
Revenue edged down to $6.5 billion from $6.55 billion a year earlier. That was in the middle of its previously forecast range of $6.3 billion to $6.7 billion.< [snip]
The stated outlook is no different than it was last week.
Gottfried |
