Feeds

Intel restates Q1 earnings. Upwards

Tax burden reduced

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

Intel increased its previously reported Q1 FY2005 earnings this week, thanks to a reduction in the quarter's tax bill.

According to filings made with the US Securities and Exchange Commission, Intel's Q1 tax bill was $24m lower than it had expected. The upshot: Intel raised its earnings by a cent a share, from 34 cents to 35 cents. Q1 FY2004's earnings were 26 cents a share.

Last month, Intel said Q1 sales had totalled $9.4bn, up 17 per cent on the year-ago quarter but down two per cent on Q4 FY2004. Net income for the quarter came to $2.2bn, it said, up 25 per cent year on year and up a single percentage point sequentially.

Intel expects second quarter revenue to come in between $8.6bn and $9.2bn. ®

Related stories

AMD steals Q1 market share from Intel
TSMC, UMC April sales slump
Intel: 65nm output to surpass 90nm production Q3 06
World chip sales continue to rise
Intel snatches mobile graphics lead from ATI
World chip glut halved in Q1
Intel rides mobile express to strong Q1
Memory woes color AMD's Q1 red

Internet Security Threat Report 2014

More from The Register

next story
Bono apologises for iTunes album dump
Megalomania, generosity and FEAR of irrelevance drove group to Apple deal
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
10 Top Tips For PRs Considering Whether To Phone The Register
You'll Read These And LOL Even Though They're Serious
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.