re: Intel earnings: can someone explain:
Intel's reported earnings were less than analysts' consensus of 68 cents, as tallied by First Call. But Andy Bryant, Intel's chief financial officer, said on a conference call that Intel's income was lowered by three to four cents a share due to inventory write-downs that reflected the company's success in cutting costs more quickly than expected. Adjusting for this one-time phenomenon, some analysts were figuring Intel's operating earnings per share at about 70 cents, better than Wall Street's consensus.
1.did they beat estimates or not?
2.what, exactly, is an inventory writedown?
3.why does it decrease earnings?
4.why do you have to do it when you succeed in cutting costs?
5.why will it be "one-time"? Is he saying Intel will never cut costs again, or never have another inventory writedown, or future writedowns won't affect earnings, or what?
6. So......INTC's earnings were cut because the company got more efficient.....somehow, that doesn't sound quite right. Of course, I'm not an accountant.......
7. I remember a statistics class, a long time ago, where the professor said: "some numbers are made out of rock, and some are made out of jello. Learn to tell the difference." What are these numbers made of? |
