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Intel Beats on Earnings, Though Light on Revenue
Posted Oct 14, 2008 05:05pm EDT by Joe Weisenthal in Investing, Computers, Semiconductors, Recession
From Silicon Alley Insider, Oct. 14, 2008:
Intel's earnings won't do much to clear up the picture for big tech. The company beat slightly on earnings ($.35 vs. $.34 est.), missed slightly on revenue: ($10.21B vs. $10.26B est.), while delivering gross margins of 59 percent, roughly in line with expectations. The stock is up over 5% after hours, but that's basically what the company lost during today's trading so it's really a wash.
The big question mark is outlook, and on this, your guess is as good as theirs: "Current uncertainty in global economic conditions makes it particularly difficult to predict product demand and other related matters and makes it more likely that Intel’s actual results could differ materially from expectations."
For the current quarter, the chip maker sees revenue in a range of $10.1B-$10.9B. Current estimates are for $10.77B, so at the midpoint $10.5B, the guidance is light.
For more, go to SAI.
15 Comments
Yahoo! Finance User - Tuesday October 14, 2008 05:41PM EDT
Intel rocks! They have been through a lot but continue to come out on top. Intel has tons of cash and strong demand for its products worldwide. It's not all about the United States.
J - Tuesday October 14, 2008 08:50PM EDT
Having been burned for being honest in the past, guidance will always be "light" going forward.
Yahoo! Finance User - Tuesday October 14, 2008 09:32PM EDT
I'm going to buck the trend and put my money on AMD who loses all theirs.... NOT.
Yahoo! Finance User - Tuesday October 14, 2008 10:24PM EDT
The market is so bad.every where need cash, and intel has a lot. of course, it is a first choice companyto invest.
enricob - Wednesday October 15, 2008 01:34AM EDT
Intel stock is priced 16 Usd. At the midpoint of their guidance they will earn 44cents a share in 4 qtr. The margins will be at historical high. And we are talking about the expectet peak of the meltdown. These are very good news. I suppose very few people expected such a result and such a guidance ! I have no position in INTC. But I will buy today.
__A_YAHOO_USER__ - Wednesday October 15, 2008 02:50AM EDT
Good it means they are perfoming better......
__A_YAHOO_USER__ - Wednesday October 15, 2008 02:50AM EDT
Good it means they are perfoming better......
__A_YAHOO_USER__ - Wednesday October 15, 2008 02:55AM EDT
I am recommending Hold and buy once the market became stable....the sentiment in the market this time is not good because of anger.......Actually the result of Intel is good....It is a good Buy if the general sentiments are good.......
ron - Wednesday October 15, 2008 04:14AM EDT
INTC will be hit just like other companies going forward. This slow down is serious and INTC will be no exception. I think it is dead money for the next year and funds will exit.
Sergio - Wednesday October 15, 2008 05:16AM EDT
At these prices is an historical opportunity to become an Intc shareholder forever end ever.
ron - Wednesday October 15, 2008 06:22AM EDT
why don't they start buying back shares at these low prices?????
__A_YAHOO_USER__ - Wednesday October 15, 2008 07:32AM EDT
My average share price is 17.10 on intel. I'm underwater on intel, but I'm not selling or accumulating any more at this time. I expect at least 3 more quarters of bear market before we can even begin to see the light at the end of the tunnel. Having said that, I'm compfortable having my investments in cash cows such as intel. I expect the stock price to be extremely volitile for the forseeable future. I'm holding.
__A_YAHOO_USER__ - Wednesday October 15, 2008 09:42AM EDT
It show some sector of the economy still Okay.... Intel is Technology sector......I think that sector is comportable despite the crisis....It that make senses.
Jon - Wednesday October 15, 2008 04:27PM EDT
13x earnings, 3.3% div.. umm, I think I'll up my stake! (and steak!) :)
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Yahoo! Finance User - Tuesday October 14, 2008 05:33PM EDT
Intel is the leader in what it does. I would rather put my money in Intel, than gamble on any other company that is on shakier ground. Ultimately, it is the Intel's of the world that are going to survive.