Intel's Third-quarter Net Profit Increased 17%

Intel today announced the third fiscal quarter earnings of 2011

. The report shows that Intel's net revenue in the third quarter is $ 14.2 billion, an increase of 28% compared with last year's $ 11.1 billion. The net profit is $ 3.468 billion, an increase of 17% compared with last year's $ 2.955 billion. Intel's third-quarter results exceeded Wall Street's expectations and promoted its after-hours stock prices rose slightly less than 1%.

In this quarter by October 1, Intel's net profit is $ 3.468 billion, earnings per share of 65 cents. This performance is better than the last year. In the third quarter of 2010, Intel's net profit was $ 2.955 billion, earnings per share of 52 cents. Intel's third-quarter operating profit was $ 4.785 billion, an increase of 16% compared with last year's $ 4.136 billion. Intel's third-quarter gross margin was 63.4%, lower than the 65.9% at the same period of the last year.

Excluding one-time items, Intel's third-quarter revenue is $ 14.3 billion and the net profit is $ 3.7 billion, 69 cents per share. The results topped analysts' expectations. The analysts on average had expected Intel's earnings per share in the third quarter to be 61 cents and the revenue to be $ 13.9 billion.

In accordance with the geographical division, Intel's third-quarter revenue from the Americas is $ 3.017 billion. It was $ 2.909 billion at the same period of the last year. Intel's third-quarter revenue from Europe is $ 1.814 billion. It was $ 1.564 billion at the same period of the last year. Intel's third-quarter revenue from the Asia-Pacific region is $ 8.05 billion. It was $ 7.391 billion at the same period of the last year. Intel's third-quarter revenue from Japan is $ 1.352 billion. It was $ 1.168 billion at the same period of the last year.

According to sectors, the Intel Digital Enterprise Group's net revenue in the third quarter is $ 4.913 billion. It was $ 5.318 billion at the same period of the last year. The operating profit is $ 1.512 billion. It was $ 1.766 billion at the same period of the last year. Intel Mobile's third-quarter net revenue is $ 4.131 billion. It was $ 4.681 billion at the same period of the last year.

Intel expects in the fourth quarter of 2011, the revenue will be $ 14.7 billion, plus or minus $ 500 million. The gross margin will be 65%. Intel expects its full year capital expenditure to be $ 10.5 billion.

by: Amanda Xia

POST COMMENT

Benefits Of Using The Latest Mobile Car Wash Products Importance Of Directory Submissions In Seo River Stone Crusher Used For Crushing River Stones, Cobbles, Boulders Cakes Party Fiesta Con Tartas Diamond Jewelry Keeps You Connected All The Time Pamper Your Dog With Dog Beds Knowing What Koozies You Need A Study Of The Physical Condition Of Kobe Bryant Easy Steps To Install Vertical Blinds Network Inventory In Seconds With Newt Professional Ftc Halts Wage Garnishment Tactic Of Payday Lender Roller Blinds Are Perfect Fit For All Rooms