Great boost from Intel,Intel Outlook Beats Street
SAN FRANCISCO (MarketWatch) - Intel Corp. (INTC 20.49, +0.09, +0.44%) on Tuesday reported a third-quarter profit of $1.9 billion, or 33 cents a share, compared with a profit of $2 billion, or 35 cents a share for the year-earlier period. Revenue was $9.4 billion, down from $10.2 billion for the same period last year. Analysts had expected the Santa Clara, Calif.-based chip giant to report earnings of 28 cents a share, on revenue of $9 billion, according to a consensus survey by FactSet Research. For the current quarter, Intel said it expects revenue of $10.1 billion, plus or minus $400 million. Analysts had expected the company to report sales of $9.5 billion, according to FactSet Research data
tuesday trends, page-85
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