Thursday
April
24
2014
1:59 am
Weather
  Home
  Local News
  State / National / World
  Sports
  Opinion / Letters
  Business
  Arts / Entertainment
  Lifestyle
  Obituaries
  Calendar
  Submit Event
  Comics / Games
  Classifieds
  DJ Designers
  Archives
  Advertise With Us
  About Us
 
 
 
 

Check out our archive of Dining Guides - Yum!

Intel 3Q profit unchanged, but beats predictions
October 16, 2013, 05:00 AM The Associated Press

NEW YORK — Intel said Tuesday that its third-quarter net income was unchanged, stymied by a continued slump in global PC demand.

The chipmaker earned $2.95 billion, or 58 cents per share, compared with $2.97 billion, or 58 cents per share, in the same quarter of 2012.

Revenue also was unchanged at about $13.5 billion.

The drop in PC-related sales came amid another decline in PC shipments. Intel supplies chips for about four out of every five PCs. The rest come from Advanced Micro Devices Inc., which reports financial results on Thursday.

IDC said last week that worldwide PC shipments fell nearly 8 percent during the third quarter, to 81.6 million, while fellow market research firm Gartner Inc. put the decline at almost 9 percent, to 80.3 million. The two firms define PCs slightly differently. The drop marked the sixth-straight quarter of decline for the industry, as computer makers, and the companies that supply them, try to reshape themselves amid the continued shift toward tablets and smartphones.

Intel CEO Brian Krzanich said on a conference call with investors that while consumer demand in emerging markets was sluggish during the recent quarter, the company started to see early signs of improvement in North America and western Europe. He attributed that to the company’s growing product lineup.

Intel’s results for the quarter, which ended Sept. 28, beat Wall Street predictions. Analysts polled by FactSet expected a profit of 53 cents per share on revenue of $13.4 billion.

Revenue at the company’s personal-computer business fell 3.5 percent to $8.4 billion because of a drop in the number of chips sold, while data center revenue increased 12 percent to $2.9 billion, helped by both higher prices and higher volumes.

For the fourth-quarter, Intel projected revenue of $13.2 billion to $14.2 billion. Analysts were looking for $14.0 billion.

Shares of Santa Clara, Calif.-based Intel Corp. fell 59 cents, or 2.5 percent, to $22.80 in extended trading after the release of results.

 

 

Tags: billion, quarter, percent, revenue, intel, cents,


Other stories from today:

Intel 3Q profit unchanged, but beats predictions
Why U.S. bonds matter to global markets and you
Apple hires Burberry CEO to boost store sales
 

 
Print this Page Print this Page  |  Bookmark and Share
<< Back
 
Return To Archives
 
  


 
 
 
Daily Journal Quick Poll
 
Do you support a land swap between the city of San Carlos and the elementary school district so the Charter Learning Center could be built on North Crestview?

Yes
No
Not sure

 

 
 
 
 
 
 
No shooter, no victim located at Daly City medical center
Daly City police have cleared a building where a possible shooting was reported this afternoon. Pol..
Apple increases stock buyback, will split stock
CUPERTINO — Apple plans to buy back an additional $30 billion of its stock, raise its quarterly di..
Facebook 1Q results soar; CFO to step down
NEW YORK — Facebook’s earnings nearly tripled and revenue grew sharply in the first quarter, sur..
South Korea ferry toll hits 156 as search gets tougher
JINDO, South Korea — As the 156th body was pulled from waters where the ferry Sewol sank a week ag..
Michigan man among first in U.S. to get 'bionic eye'
ANN ARBOR, Mich. — A degenerative eye disease slowly robbed Roger Pontz of his vision. Diagnose..
More >>  
 
 
  
 
  
 
©2014 San Mateo Daily Journal
San Mateo County probate notices