Intel (NASDAQ:INTC) has reported earnings of $0.31 EPS and $10.1 Billion in revenues, versus First Call estimates $0.30 EPS and $9.62 Billion in revenues. It said microprocessor units set a record and the average selling price was flat; chipset and flash units set records, but motherboard sales were lower. Gross margins came in at 52.4% and the company is offering 57% +/- 1% for the coming quarter.
It is putting next quarter revenues in a $10.5 to $11.1 Billion range compared to estimates for next quarter of $0.37 EPS & revenues $10.4 Billion. This guidance for revenue and margins has shares up about 2.5% in after-hours trading. Intel shipped more than 2 million quad core processors during the quarter.
Intel shares did close down 1% on the day but ahead of the numbers shares were within about 3% of 52-week highs, and are up almost 40% from the 52-week lows. Intel’s conference call is at 5:30 PM EST today. At $26.20 in after-hours trading this is only about 1% under those recent $26.58 highs. Shares of smaller rival AMD are up marginally and the Semiconductor HOLDRs (AMEX:SMH) are indicated up about 0.5% at $36.35 in after-hours trading.
Jon C. Ogg
October 16, 2007
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
