Intel reports loss but revenue beats expectations

By on July 14, 2009, 5:41 PM
Intel appears to be on the rebound after hitting the bottom CEO Paul Otellini declared back in April. Even though profits for the second quarter were sunk into the red by a one-time $1.45 billion fine from the European Commission, the company still managed to report healthy sales of $8 billion; down from $9.4 billion a year ago but significantly higher than analyst expectations of $7.27 billion.

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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Guest said:

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 ..

red1776 red1776, Omnipotent Ruler of the Universe, said:

what article did you read unidentified guest? and did you read the whole thing?

LinkedKube LinkedKube, TechSpot Project Baby, said:

You know Guest, you dont have to come here to read the articles you know...

snowchick7669 snowchick7669 said:

It annoys me when people come here under 'Guest' accounts and leave comments like that.

LinkedKube LinkedKube, TechSpot Project Baby, said:

same here, idunno why they even added that feature.

snowchick7669 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"

Staff
Julio Franco Julio Franco, TechSpot Editor, said:

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.

snowchick7669 snowchick7669 said:

Thanks for clearing it up Julio

Guess the pros outweigh the cons

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