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INTEL -4 in after
Intel reports lower profit, but beats Street views
By Benjamin Pimentel
Last update: 4:20 p.m. EDT April 14, 2009
SAN FRANCISCO (MarketWatch) - Intel Corp. (INTC:Intel Corporation
News , chart , profile , more
Last: 16.01+0.03+0.19%
4:00pm 04/14/2009
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INTC 16.01, +0.03, +0.2%) on Tuesday reported first-quarter net income of $647 million, or 11 cents a share, compared with a profit of $1.4 billion, or 25 cents a share, for the year-earlier period. Revenue was $7.1 billion, down from $9.7 billion a year ago. Analysts had expected the Santa Clara, Calif.-based chip giant to report earnings of 3 cents a share on revenue of $7 billion, according to a consensus survey by Thomson Reuters.
Intel reports lower profit, but beats Street views
By Benjamin Pimentel
Last update: 4:20 p.m. EDT April 14, 2009
SAN FRANCISCO (MarketWatch) - Intel Corp. (INTC:Intel Corporation
News , chart , profile , more
Last: 16.01+0.03+0.19%
4:00pm 04/14/2009
Delayed quote dataAdd to portfolio
Analyst
Create alert Insider
Discuss
Financials
Sponsored by:
INTC 16.01, +0.03, +0.2%) on Tuesday reported first-quarter net income of $647 million, or 11 cents a share, compared with a profit of $1.4 billion, or 25 cents a share, for the year-earlier period. Revenue was $7.1 billion, down from $9.7 billion a year ago. Analysts had expected the Santa Clara, Calif.-based chip giant to report earnings of 3 cents a share on revenue of $7 billion, according to a consensus survey by Thomson Reuters.