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Intel reports loss but revenue beats expectations
Loss for the quarter was $398 million, or minus 7 cents per share, meaning that without the antitrust charge the chip maker would have reported close to one billion in profits. Inventory was down $240 million during 2Q, suggesting Intel’s customers are ordering again rather than going through existing stockpiles of chips. In a prepared statement, Otellini highlighted the company's improvement over the previous quarter and called this their strongest first to second-quarter growth since 1988.
As the world’s largest computer processor supplier, Intel’s financial results are usually seen as a bellwether for the computer industry as a whole, so its latest report is an encouraging sign during this slumping economy. Looking ahead, the company said it expects third quarter revenue of $8.10 billion to $8.90 billion.
User Comments: 8
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It annoys me when you guys here at techspot post misleading financial news... stick to the tech jargon and please stop trying to crunch numbers. They didnt post a lose actually. They far blew away analysts ratings and after hour trading saw a spike of over 10%.
In this economy, if they posted a gain of any type you should be happy haha. Considering all the chapter 11's ..
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what article did you read unidentified guest? and did you read the whole thing?
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You know Guest, you dont have to come here to read the articles you know...
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snowchick7669 said:
It annoys me when people come here under 'Guest' accounts and leave comments like that.
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same here, idunno why they even added that feature.
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snowchick7669 said:
Yeah that's true. If they bother enough to leave a comment, then why not make an account.
Then it eliminates the feel of "I'm anonymous, so I can be as disrespectful as I want"
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Staff
You have some of those, but there's also been a lot of phenomenal participation from guest users. Ultimately is a way for non-regular users to get more involved and eventually register.
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snowchick7669 said:
Thanks for clearing it up Julio
Guess the pros outweigh the cons
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