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Intel Posts Lower Profit as Expected
Tuesday April 15, 4:17 pm ET


SAN FRANCISCO (Reuters) - Intel Corp. (NasdaqNM:INTC - News), the world's largest maker of microprocessors, on Tuesday posted lower first-quarter earnings in line with cautious expectations on revenues that were little changed.

Net income for the quarter was $915 million, or 14 cents per share, compared with $936 million, or 15 cents per share, a year earlier, the Santa Clara, California-based company said.

Revenue was $6.75 billion compared with $6.78 billion a year earlier.

Analysts, on average, had expected Intel to post earnings per share of 12 cents with forecasts ranging between 11 cents and 13 cents. Last month, Intel narrowed its revenue forecast range to between $6.6 billion and $6.8 billion.


http://biz.yahoo.com/rb/030415/tech_intel_earns_1.html