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Intel Fourth-Quarter Sales Drop 23%, Missing Forecast - TechAmok
Intel Fourth-Quarter Sales Drop 23%, Missing Forecast - [briefly] 07:06 PM EST - Jan,07 2009 - post a comment Intel has announced preliminary financial
results for the fourth quarter, and its revenue apparently fell considerably
short of the revised estimate it published in November. Intel now says Q4 sales
worked out to $8.2 billion, well below the revised estimate of $9 billion and
the original forecast of $10.1-10.9 billion. The new figure also represents a
20% sequential drop and 23% year-over-year decrease. If you'd rather not do the
math in your head, Intel posted revenue of $10.3 billion in the third quarter,
and it raked in the tidy sum of $10.7 billion in Q4 2007-both record-breaking
figures. Intel blames the worse-than-expected numbers on "further weakness in
end demand and inventory reductions by its customers in the global PC supply
chain." The company will officially report fourth quarter earnings on January
15th. Wel, the economy is doing poorly, so this kind of news is expected. I'm
more curious to hear which companies can still maintain growth during this time. |
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