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General

Intel sees further drop in sales on slow PC market

Friday 18 January 2013 | 09:07 CET | News
Intel reported fourth-quarter revenues of USD 13.5 billion, down 3 percent from a year earlier and slightly below its guidance of USD 13.6 billion. Its gross margin fell to 58.0 percent from 64.5, and operating profit was down 31 percent year-on-year to USD 3.2 billion. Net profit declined 27 percent to USD 2.5 billion, and EPS was down 25 percent to 48 cents. The company generated USD 6 billion in cash from operations, paid dividends of USD 1.1 billion and used USD 1.0 billion to repurchase 47 million shares of stock. Revenues from the PC division fell 6 percent to USD 8.5 billion, while the

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Categories: General
Companies: Intel
Countries: World
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