Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 35.10

+2.3%

Nov 19 3:59 PM EST

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To: AK2004 who wrote (53044)	4/14/1998 5:40:00 PM
From: Xpiderman	Read Replies (2) of 186894

INTC: $0.72 before or after charge? Briefing.com has something to say: Confusion reigns regarding Intel's earnings number. We know that Intel earned $0.72 including charges and $0.81 excluding charges. The question is whether the $0.72 First Call estimate included or excluded the 9 cent charge related to the Chips & Technologies acquisition. Our guess is that the estimates were muddied by a mix of estimates; some of which included the charge, some of which excluded it. We base that conclusion on the fact that Intel gave rather specific guidance in its March 3 warning, and their numbers suggested an earnings figure of $0.67 including the charge and $0.76 including the charge. Not coincidentally, the range of estimates was $0.64-$0.77. First Call probably won't admit it, but its estimates were probably taking an average of apples and oranges (including and excluding the charge). Instead of comparing estimates to this sullied consensus, it makes more sense to compare it to the March 3 warning. Relative to the March 3 guidance, earnings including charges were about 5 cents better than expected. You probably won't see this figure anywhere else, but we believe that it best represents the truth.... After Hours Trading: investors having a positive reaction to Intel's earnings report. As of 17:25 ET, the stock is trading up 3 points from its $76 Nasdaq close. Should be noted that there is quite a bit of confusion concerning the number. According to firms that actually do the surveying of analysts, company either exceeded by 1 penny (Zacks) or exceeded by 9 cents (First Call)....

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