Intel Q3 revenue increased 59%

News about Intel

Oct. 13 news, Intel has just released third quarter financial results show that many Wall Street analysts worried the economic bottom of the sign did not worry about destroying the desire of consumers to buy a new PC laptop battery.

Intel on Tuesday said the company net income increased 59% in the third quarter, sales increased 18%, both of which exceeded analyst expectations.

Intel's stock markets closed on Tuesday announced that the company 2.96 billion third-quarter profit, earnings per share of 52 cents. Intel's profit last year amounted to $ 1,860,000,000, equal share of 33 cents per share. About this quarter, analysts polled by Thomson Reuters had forecast profit of 52 cents per share DELL Vostro 1310 Battery. Sales revenue increased 18% to USD 11.1 billion. The analyst's forecast is $ 10,990,000,000.

Third-quarter forecast has been modified in August, when Intel lowered its financial expectations, the company this comes down to diffuse the whole computer industry, sluggish demand for consumer PC. It seems that if the economy did not inhibit the back to school season, buying binge, the technology industry leader Tuesday reported financial leap will be higher. Electronics industry back to school period is the most important shipping DELL Vostro 1310 Battery season.

The employment market turmoil makes buyers more his wallet, back to school sales season, many poor PC manufacturers and suppliers into bankruptcy despair. The focus now is the computer industry is a desperate time - holiday shopping season sales.

Many analysts now predict this winter than the more favorable the autumn just past, Intel's fourth-quarter forecasts seem to support this view. Intel forecast fourth quarter sales of 110-118 million U.S. dollars, analysts forecast is 113 million.

Intel CEO Paul Otellini said, Intel continue to be optimistic, "the global market for the health needs of various computing products" as the world's largest "PC brain" - the microprocessor manufacturer, Intel is the DELL Vostro 1510 Battery market indicator. Intel Chief Financial Officer Stacy Smith said in an interview that Intel expects fourth-quarter consumer PC market will continue to grow, but the growth rate will be lower than the first half of this year.

After the close of trading in the stock market, investors will be slightly pushed Intel shares like DELL Vostro 1510 Battery. Intel's stock price rose 22 cents after the close, the stock rose to $ 19.99.

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