 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
New York (AFP) April 19, 2011 US computer chip giant Intel blew past the expectations of Wall Street analysts on Tuesday and dismissed gloomy forecasts for personal computer sales. Intel said its net profit revenue rose 29 percent in the first quarter over a year ago to $3.2 billion while revenue soared 25 percent to $12.8 billion. Earnings per share of 59 cents were well above the 46 cents expected by analysts. "The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies," Intel president and chief executive Paul Otellini said. "These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20 percent annual revenue growth," Otellini said in a statement. Intel forecast revenue of between $12.3 billion and $13.3 billion in the current quarter, well above the $11.87 billion expected by analysts. Intel shares soared 4.98 percent to $20.85 in after-hours trading. The computer chip giant also said recent forecasts for personal computer sales were too pessimistic. Figures released last week by technology research companies IDC and Gartner showed that the personal computer market shrank in the first quarter for the first time in more than a year due to frugality and a tablet computer craze. IBM said it continued to expect the PC market to grow by more than 10 percent this year and the same next year.
Share This Article With Planet Earth
Related Links The Economy
Japan consumer confidence falls after quakeTokyo (AFP) April 19, 2011 Japanese consumer confidence fell in March from the previous month to its lowest since June 2009 as a record earthquake, tsunami and a nuclear emergency cast a shadow over the economy. Analysts said the data bolstered the view that the March 11 disasters will force the world's third largest economy to contract this quarter amid ongoing power shortages and production shutdowns across key ind ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook
