03 May
Intel’s First-quarter Net Income Drops
Intel on Tuesday reported that its first-quarter net income fell 12 percent year-over-year, although revenue was in line with analyst expectations.
The company’s net income was US$1.4 billion for the first quarter, ending March 29. Earnings per share were $0.25, an 11 percent drop compared to last year, but in line with expectations of analysts polled by Thomson Financial.
The company reported revenue of US$9.67 billion, a 9 percent increase compared to last year, and just a hair over analyst estimates of $9.63 billion.
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