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January 16, 2007
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Everyone expected that Intel would have a lousy fourth-quarter and it did - profit fell 39%. But sales beat analysts' estimates after new products fueled demand.
Net income fell to $1.5B, or 26 cents a share, from $2.45B, or 40 cents, a year earlier.
Investors had anticipated that competition with Advanced Micro Devices Inc. would drive revenue even lower. But new chips that replaced Intel's six-year-old Pentium design last year helped take back orders.
Shares of Intel rose 17 cents to $22.30 in Nasdaq Stock Market composite trading before the announcement. Slumping profit and market-share losses made Intel the worst-performing stock in the Dow Jones Industrial Average last year, with a 19% drop.
Sector Comparative Returns
Posted by Paul at January 16, 2007 09:45 PM
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