Menu
Intel misses profit, revenue expectations

Intel misses profit, revenue expectations

Revenue came in below Intel's own updated forecast for its 2005 fiscal fourth quarter, due to lower than expected desktop processor shipments.

Intel announced revenue of US$10.2 billion for the quarter that ended December 31, 2005, missing company expectations of between $10.4 billion and $10.6 billion that it announced in December. Still, revenue was from the $9.6 billion reported in the year-earlier quarter.

Intel's net income for the quarter was $2.5 billion, up from the year-earlier quarter, when it reported net income of $2.1 billion.

Intel also filed its year-end results on Tuesday. The company reported revenue of US$38.8 billion for the year, a 13.5 percent increase from revenue of $34.2 billion reported for fiscal 2004. Net income for the year was $8.7 billion, a 15 percent increase over net income of $7.5 billion for 2004.

Following the announcement, Intel's stock price plunged more than 8% in after-hours trading.

For the 2006 first quarter that is currently in progress, Intel expects revenue to be between $9.1 billion and $9.7 billion. For fiscal 2006, the company expects revenue to be 6 to 9% higher than the full-year figure for 2005.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.‚Äč

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments