Intel Q4 Profits Drop 90%
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/513703902/Posted on Friday, January 16th, 2009 | In Stocks to Watch
Thursday January 15, 2009
Navivest
Intel (INTC) today reported that its profit for the fourth quarter of 2008 dropped 90%. The company reported fourth quarter revenue of $8.2 Billion, operating income of $1.5 billion and net income of $234, for an EPS of $0.05. Lowered consensus estimates for the period, was $0.04.
For the full year 2008, the company reported revenues of $37.6, operating income of $9 billion and net income of $5.3 billion for an EPS of $0.92. Analysts were looking for $1.18.
The numbers were in line, as the company had guided lower only a week ago, for the second time in just two months.
Highlighting the rough road the company is facing in terms of sales, Intel expects that its gross margin will go from 53.1% in Q4 2008, to the low 40s in Q1 2009, with revenues coming in around $7 billion.
Tags: Intel Earnings Earnings Estimates
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 About Daniel Shepard (http://www.navivest.com/blog)
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