Intel Profit Drops, Outlook Upbeat

Intel's quarterly profit slid 7.8% on lower sales, but the semiconductor giant posted revenue and gross margin above its guidance.

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  • Intel profit drops, hurt by restructuring costs
    For 2016, the company maintained its revenue outlook for growth in the mid-single digits ... Over all, Intel reported a profit of $1.33 billion, or 27 cents a share, down from $2.71 billion, or 55 cents a share, a year earlier. Excluding certain items ...
    07/19/2016 - 5:56 pm | View Link
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  • Intel Drops 9%, Leads Markets Lower; All Eyes on China
    CEO Brian Krzanich remarked, “While the outlook for the first quarter reflects some caution ... Ing cuts his 2016 estimates to $59.29 billion in revenue and $2.13 a share in profit from a prior $59.97 billion and $2.44 per share. Kinngai Chan ...
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  • Intel share price drops despite strong results
    Analysts said Intel's better-than-expected fourth quarter profit of $3.6bn failed to ease concerns about ... connected world,” said Krzanich in a post-earnings call. "While the outlook for the first quarter reflects some caution for overall demand ...
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  • Intel reportedly drops $13 billion acquisition talks with Altera
    The deal would have made sense for Intel — 90% of the company's operating profit comes from PC chips. The deal with Altera would have allowed Intel to diversify its business. Intel also cut its Q1 outlook by almost $1 billion last month because of ...
    04/8/2015 - 10:12 pm | View Link
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