The Harvard Business School Model--or How My Business Went to Hell with Record Earnings and Profits
January 15, 2008
Intel’s Big Quarter Fails to Meet Wall St. Forecast
By LAURIE J. FLYNN
SAN FRANCISCO — Intel reported record fourth-quarter revenue on Tuesday, but the chip maker’s shares dropped sharply after hours as its earnings and its first-quarter projections disappointed analysts.
The company reported revenue of $10.7 billion, up 10.5 percent from the previous year, on strong demand for computers and electronics during the holiday season. Its net income was $2.3 billion, a 51 percent rise. But earnings per share were 38 cents, 2 cents short of analysts’ forecasts, according to Thomson Financial.
The report comes amid rising investor concern about the impact of a possible slowdown in computer spending during the first half of the year. For the first quarter, Intel forecast revenue of $9.4 billion to $10 billion, on the low end of analysts’ forecast of $10 billion.
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I have written before on the…