Page last updated at 23:24 GMT, Tuesday, 14 April 2009 00:24 UK

Intel results beat expectations

Chip maker Intel has posted quarterly results that beat expectations - but failed to provide an earnings forecast, citing economic uncertainty.

While the firm's net profit of $647m (£433m) in the three months to 28 March exceeded forecasts, it marked an 11% fall year-on-year.

The lack of a forecast for the next quarter sent Intel shares down 4.5%.

The firm, which plays a dominant role in its sector, is seen to reflect the state of the industry as a whole.

Wall Street had predicted a profit of 3 cents a share, far below the the 25 cents a share achieved.

"The numbers are good - there's nothing wrong with the results they posted. The guidance is where people are finding disappointment," said Doug Freedman, an analyst with Broadpoint.

But he added: "They're continuing to highlight a rather large degree of uncertainty, both in terms of revenue and gross [profit] margins."

Print Sponsor

GE makes rare cut in dividend
27 Feb 09 |  Business
GE reports sharp drop in profit
23 Jan 09 |  Business
Intel announces $7bn plant plan
10 Feb 09 |  Business
Intel shedding up to 6,000 jobs
22 Jan 09 |  Business
Big loss at Taiwanese chipmaker
10 Feb 09 |  Business
Intel in second revenue warning
08 Jan 09 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific