Intel scores 43% more profit in Q3

Posted on Wednesday, October 17 2007 @ 1:56 CEST by Thomas De Maesschalck

Intel announced a net income of $1.86 billion for the third quarter of this year - 43 percent more than a year ago.

The firm had a revenue of $10.1 billion dollar which is 15 percent more than the $8.74 billion it earned in the third quarter of last year. Profits per share increased from $0.23 to $0.31. That's one cent better than analysts predicted.

For the next quarter Intel expects a revenue of $10.5 billion to $11 billion with a gross margin of 57 percent, up from 52.4 percent in the third quarter.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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