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Intel's first quarter profit nearly quadruples

Posted on Wednesday, April 14 2010 @ 01:12:31 CEST by

Intel had an excellent first quarter, the company reported a net income of $2.4 billion, or 43 cents per share, on a revenue of $10.3 billion. This compares to a profit of 11 cents per share on a revenue of $7.1 billion in the same quarter the year before, and is better than analyst expectations of earnings of 38 cents per share on revenue of $9.8 billion. For the current quarter, Intel said it expects revenue of $10.2 billion, plus or minus $400 million.
SANTA CLARA, Calif., Apr. 13, 2010 – Intel Corporation today reported first-quarter revenue of $10.3 billion. The company reported operating income of $3.4 billion, net income of $2.4 billion and EPS of 43 cents.

"The investments we’re making in leading edge technology are delivering the most compelling product line-up in our history," said Paul Otellini, Intel president and CEO. "These leadership products combined with growing worldwide demand and continued outstanding execution resulted in Intel's best first quarter ever. Looking forward, we're optimistic about our business as Intel products are designed into a variety of new and exciting segments."



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