SAN FRANCISCO (MarketWatch)
Intel Corp. on
Tuesday reported a second-quarter profit of $2.83 billion, or 54 cents a share,
compared with a profit of $2.95 billion, or 54 cents a share
Revenue was $13.5
billion, up from $13.03 billion
Adjusted profit was 57 cents a share
Analysts
were expecting the Santa Clara, Calif.-based semiconductor giant to report a
profit of 52 cents a share, on revenue of $13.54 billion, according to FactSet
Intel also said it now expects revenue for fiscal year 2012 to be up between 3%
and 5% year over year, "down from the prior expectation for high single-digit
growth
For the current quarter, the company said it expects revenue of $14.3
billion, plus or minus $500 million
Analysts were expecting revenue of $14.58
billion, according to FactSet
Shares of Intel were flat in after-hours trading
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SAN FRANCISCO -- Intel Corp. pointed to a weaker third quarter, as the chip giant cut its full-year outlook.
Intel Corp. Paul Otellini said the company's growth in the current period "will be slower than we anticipated due to a more challenging macroeconomic environment."
But he also said, "With a rich mix of Ultrabook and Intel-based tablet and phone introductions in the second half, combined with the long-term investments we're making in our product and manufacturing areas, we are well positioned for this year and beyond."
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