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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.
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User Comments (8)
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Guest
on July 14, 2009 9:31 PM |
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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red1776
on July 14, 2009 10:10 PM |
what article did you read unidentified guest? and did you read the whole thing? |
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LinkedKube
on July 14, 2009 10:21 PM |
You know Guest, you dont have to come here to read the articles you know... |
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snowchick7669
on July 14, 2009 10:29 PM |
It annoys me when people come here under 'Guest' accounts and leave comments like that. |
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LinkedKube
on July 14, 2009 10:42 PM |
same here, idunno why they even added that feature. |
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snowchick7669
on July 14, 2009 10:44 PM |
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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Julio Franco
on July 15, 2009 1:58 AM |
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
on July 15, 2009 2:32 AM |
Thanks for clearing it up Julio Guess the pros outweigh the cons |
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