Intel Corp (INTC) reported earnings per share of $0.38 for the fourth quarter of 2007. Analysts estimates were for $0.40. Revenues were $10.7 billion versus analyst estimates of $10.84 billion.
Intel provided updated guidance for the first quarter of 2008 and full year 2008.
Updated Guidance
Q1 2008 Outlook
* Revenue: Between $9.4 billion and $10 billion.
* Gross margin: 56 percent plus or minus a couple of points.
* Spending (R&D plus MG&A): Between $2.8 billion and $2.9 billion.
* Restructuring and asset impairment charges: Approximately $100 million.
* Net gains from equity investments and interest and other: Approximately $175 million.
* Tax rate: Approximately 31 percent.
* Depreciation: Approximately $1.1 billion.
2008 Outlook
* Gross margin: 57 percent plus or minus a few points.
* R&D: Approximately $5.9 billion.
* MG&A: Approximately $5.5 billion.
* Capital spending: $5.2 billion plus or minus $200 million.
* Tax rate: Approximately 31 percent.
* Depreciation: $4.4 billion plus or minus $100 million.
The stock is really getting punished in after hours trading, and is down 15% to $19.59.
Tuesday, January 15, 2008
Intel Corp (INTC)
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment