Intel's Q1 'a little better' than expected
PrintModest 16 per cent growth
Posted in Financial News, 11th March 2005 07:55 GMT
Free whitepaper – Dell PowerEdge servers 2009 - Memory
Intel today tightened its first quarter revenue forecast to reflect stronger than usual sales.
The chipmaker, during its typical mid-quarter update, said revenue should come in between $9.2bn and $9.4bn. That's at the high end of a previous forecast that ranged between $8.8bn and $9.4bn. Solid microprocessor sales and meaty gross margins have helped Intel out so far during its first quarter.
"It's just a little bit better than we expected," Intel CFO Andy Bryant said about the period, during a conference call with financial analysts.
If Intel hits the latest revenue range, it would show 14 per cent to 16 per cent growth over the same quarter last year. It now expects a gross profit margin of 57 per cent, plus or minus a point, as compared to a previous forecast of 55 per cent, plus or minus a point. Intel pointed to lower than expected chip production costs for the boost.
Shares moved slightly higher during after-hours trading and sat at $25.30, at the time of this report. ®
Related stories
AMD details its Turion mobile processor
Nvidia previews nForce 4 SLI Intel Edition
AMD 'Athlon 64 4200+' benchmarks surface
TI cuts Q1 sales forecast
Japan calls Intel to task over anti-AMD rebates
Free whitepaper – Out-of-box comparison between Dell, HP, and IBM blade servers
The Register Agile Data Center Summit
What Exchange can't do - and Dell can
Automating the Acquisition Process with Enterprise Level CRM
Checklist: Midmarket ERP Solutions
Analyst Keynote: The Register Agile Data Center Summit
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter