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The Economic Times
Technology bellwether Intel Corp posted a 12 percent rise in third-quarter profit and cautioned that demand in the current quarter was uncertain, but shares rose 3.6 percent in extended trade.
The world's biggest computer chipmaker said on Tuesday it expects revenue in the fourth quarter of $10.1 billion to $10.9 billion.
Analysts were looking for revenue between $10.4 billion and $11.18 billion, according to Reuters Estimates. Third-quarter net income rose to $2.01 billion, or 35 cents per share, from $1.86 billion, or 31 cents per share, in the year-ago quarter.
Revenue rose 1 percent to $10.2 billion. The company, which is the industry's biggest investor in the next generation of chip production equipment, trimmed its capital spending plans for the 2008 year to $5 billion, plus or minus $200 million, from $5.0 billion previously.
"As we look to Q4, it is hard to know what impact the financial crisis will have on end customer demand," President and Chief Executive Paul Otellini said in a statement.
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The world's biggest computer chipmaker said on Tuesday it expects revenue in the fourth quarter of $10.1 billion to $10.9 billion. Analysts were looking for revenue between $10.4 billion and $11.18 billion, according to Reuters Estimates. Third-quarter net income rose to $2.01 billion, or 35 cents per share, from $1.86 billion, or 31 cents per share, in the year-ago quarter. Revenue rose 1 percent to $10.2 billion.
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