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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Travis_Bickle who wrote (224569)10/13/2009 4:33:19 PM
From: DebtBombRead Replies (2) of 306849
 
Intel posts lower profit, but beats views
Oct. 13, 2009, 4:22 p.m. EDT
SAN FRANCISCO (MarketWatch) - Intel Corp. on Tuesday reported a third-quarter profit of $1.9 billion, or 33 cents a share, compared with a profit of $2 billion, or 35 cents a share for the year-earlier period. Revenue was $9.4 billion, down from $10.2 billion for the same period last year. Analysts had expected the Santa Clara, Calif.-based chip giant to report earnings of 28 cents a share, on revenue of $9 billion, according to a consensus survey by FactSet Research. For the current quarter, Intel said it expects revenue of $10.1 billion, plus or minus $400 million. Analysts had expected the company to report sales of $9.5 billion, according to FactSet Research data.
marketwatch.com
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