Replies to post #308576 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Intel- Q3E: $8.45B and $0.27 Expected Q4: $9B/$0.30

Intel is expected to report increases in net income and sales from the same quarter last year, but the world's largest chipmaker was forced to scale back its goals half way through the quarter. Intel slashed its sales and margin outlook for the quarter at the start of September, citing weaker-than-expected demand and bloated inventories. Analysts expect Intel to report a profit of 27 cents a share on sales of $8.45 billion, on average, according to Thomson First Call.

In the same period last year, the Santa Clara, Calif.-based company posted a per-share profit of 25 cents a share on revenue of $7.83 billion. Intel's inventories are expected to rise between $100 million and $150 million from $3.2 billion.

For the fourth quarter analysts expect earnings of 30 cents a share and sales of $9 billion.




Intel cuts Q3 outlook; stock tumbles
By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 6:41 PM ET Sep 2, 2004

SAN FRANCISCO (CBS.MW) -- Intel shares plunged almost 8 percent in late trading Thursday after the company slashed its third-quarter sales and margin estimates, confirming that the No. 1 chipmaker's past two months haven't been as robust as hoped.

Intel cut its revenue estimates for the quarter to between $8.3 billion and $8.6 billion from a range of $8.6 billion to $9.2 billion. It cut its gross margin target to 58 percent from 60 percent and said its inventory would increase again instead of remain flat.