The reason was the same as that for DELL. INTC came in $400M short in revenues. They made a $.01 from a favorable tax rate, another $.01-$.02 from capital gains on the sale of other co. stock, and interest. In other words, they fell short on revenues and without these special items, came in either as expected or short by $0.01.
However, I am with you. If INTC makes .55 each quarter, that's $2.20/share for an EPS of, what, 25. Enough is enough. For one of the greatest, solid companies out there, this company gets no respect. And, it hasn't for years. And, I don't think it ever will. |
