Sent from my BlackBerry® -----Original Message----- From: MeLinda MeLisa <[email protected]> Sender: [email protected] Date: Wed, 13 Oct 2010 07:03:43 To: StockForex<[email protected]> Reply-To: [email protected] Subject: [StockForex] Intel Earnings, Revenue Surpass Wall Street Forecasts
Intel Earnings, Revenue Surpass Wall Street Forecasts Intel forecast strong fourth-quarter sales and margins as resilient demand from emerging markets and corporations offset weak consumer spending, raising hopes that the technology sector could end 2010 on a strong note. The first major tech company to post its third-quarter results, Intel forecast revenue of $11.0 billion to $11.8 billion in the final three months of 2010, in line with analysts' expectations of $11.32 billion, according to Thomson Reuters. The world's biggest semiconductor company reported a profit of 52 cents a share in the third quarter, up from 33 cents a share last year. Sales rose to $11.1 billion, against $9.389 billion a year earlier. Equity analysts who follow Intel saw the company reporting a profit of 50 cents a share in the quarter, according to a consensus estimate from Thomson Reuters. Sales were seen at $10.991 billion. "Intel is seeing a benefit in their average selling price, so there's something happening positively in terms of their product mix. They are also managing costs quite well," said Bobby Burleson, an analyst at Canaccord Genuity. Shares of the tech giant rose in extended trading Tuesday. Get after-hour quotes for Intel here. The stock finished the regular Nasdaq session [ INTC 19.77 +0.21 (+1.07%) ] up more than 1 percent at $19.77 a share. "Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge," said Intel Chief Executive Officer Paul Otellini in a prepared statement. Since bellwether Intel warned in August about weak consumer demand for personal computers, semiconductor stocks have surged in part on expectations that the worst may be over for the technology sector, and investors are looking for signs of strength to back their bets—or sell. The PC industry has struggled in recent months with soft demand in the United States and Europe as well as rising inventories for chips and other components that have led some customers to reduce their orders for new parts. Global semiconductor sales could grow just 5 percent next year as the economy continues to struggle, according to market research firm iSuppli. Intel expects gross margins of 67 percent in the fourth quarter, give or take a couple of percentage points, compared with 66 percent in the third quarter. Intel's results were buoyed by a 3 percent sequential increase in data center sales in the quarter, a business with higher margins than chips for PCs. Some investors believe tech vendors' sales will pick up in the final months of 2010 as shoppers warily spend on holiday gifts—with an out-sized amount going to smartphones and tablets such as Apple Inc's iPad while sales of PCs flounder. Microprocessors made by Intel run 80 percent of the world's computers, but the Santa Clara, California-based company has yet to develop much presence in smartphones and tablets, which are often powered by energy-efficient processors designed by ARM Holdings source: http://marketpin.blogspot.com/ ------------------------------------ ## StockForex ## _________________ ::Forum:: All about Forex and Stock Trading ; all currency pairs. All Major World Indices, Asian Stock Index. and Individual/single stock. We're not goin' anywhere Well, it's all right here. Enjoy it !! :) _________________ http://finance.groups.yahoo.com/group/StockForex Yahoo! Groups Links ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
