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Intel has strong Q2, revenues up 12%

Posted Jul 15th 2009 8:00AM by Tom Johansmeyer (RSS feed)
Filed under: Earnings reports, Good news, Intel (INTC), Technology

Intel (NASDAQ: INTC) had Q2 revenues of $8 billion, up 12% from Q1 and beating analyst expectations of $7.23 billion soundly. This was the best quarter-over-quarter growth rate for the world's largest chip manufacturer in more than 20 years -- and a good sign for the technology sector as a whole.

The company's profit of 18 cents a share was more than double the consensus of 8 cents, and the good news sent Intel's stock up 7% in after-hours trading.

This report didn't include a $1.45 billion fine that the European Commission imposed on the company back in May. This would have pushed Intel to a loss of $398 million (7 cents a share). But Intel is appealing the decision, which involved accusations of an abuse of market position. The company puts chips into 80% of computers.

Continue reading Intel has strong Q2, revenues up 12%

Advanced Micro Devices (AMD) earnings disappoint, but the news isn't all bad

Posted Oct 19th 2007 7:58AM by Beth Gaston Moon (RSS feed)
Filed under: After the bell, Earnings reports, Bad news, Advanced Micro Dev (AMD)

Advanced Micro Devices (NYSE: AMD) -- a major name in the chip sector and the leading rival of the 800-pound Intel (NASDAQ: INTC) gorilla -- slinked into the earnings confessional Thursday to report third-quarter losses that were broader than expected. Specifically, the firm posted a net loss of $396 million, or 71 cents per share.. In its year-ago period, AMD banked a per-share profit of 27 cents per share, equal to net income of $136 million.

What's more, the loss was 9 cents wider than the 62-cent loss projected on Wall Street. While earnings excluding items were not reported, AMD did note that many analysts' estimates failed to account for the $120 million -- 22 cents per share -- in costs that the company swallowed relating to its $5.6 billion acquisition of ATI Technologies. So when this is taken into account, the picture isn't quite as bad.

Continue reading Advanced Micro Devices (AMD) earnings disappoint, but the news isn't all bad

Intel bottoming out?

Posted Mar 26th 2007 1:48PM by Eric Buscemi (RSS feed)
Filed under: Intel (INTC), Advanced Micro Dev (AMD)

Intel Corporation (NASDAQ: INTC), the huge microprocessor company, has held up pretty well in the most recent stock market correction. Despite a good drop in all the major stock indices, Intel budged little -- a sign all the sellers could be done dumping this stock.

From Intel's most recent quarterly conference call, what shocked me most was the growth in the demand for microprocessors. The presumption on Wall Street is with Advanced Micro Devices Inc (NASDAQ: AMD) doing an outstanding job coming up with new products the past few years and PC growth moderating considerably, it was hard to see how the chip giant would grow again.

However, the move to notebooks and the use of dual-core processors has created a big uptick in demand. While the per-unit pricing on dual-core processors is considerably less than the traditional single-core processor, the new fabs that Intel has constructed to manufacture these chips allows Intel to produce these chips for considerably less.

While this Fly has been cautious on semiconductors, with Intel apparently a washed out stock, with all the sellers gone, it is a good time to jump into the chip giant. I cannot remember the last time someone mentioned buying Intel's stock. This could be a good contrarian indicator.

My suggestion is to start buying Intel's stock and ride the seasonal up tick in demand.

AMD warns -- down 7% in pre-market, downgraded by several firms

Posted Jan 12th 2007 8:45AM by Melly Alazraki (RSS feed)
Filed under: Before the bell, Analyst reports, Analyst upgrades and downgrades, Forecasts, Bad news, Intel (INTC), Advanced Micro Dev (AMD)

Advanced Micro Devices Inc. (NYSE:AMD) warned last night that fourth-quarter operating profit would be "substantially lower" because of declining selling prices for its computer chips.

AMD acquired ATI Technologies Inc. and will have charges related to this acquisition. However, AMD still says that operating income that exclude these charges will be "positive but substantially lower" than the previous quarter.

The reason? AMD says that despite selling more units, prices on microprcessors were significantly lower and offset the increase in unit sales. AMD originally lowered prices to capture market share from its main competitor and largest player, Intel Corp. (NASDAQ:INTC). Intel responded in kind.

AMD will be reporting financial results on Jan 23. Analysts have been expecting earnings of 22 cents per share on $1.85 billion in sales. Now, AMD says that revenue, excluding ATI, will be $1.33 billion, a 3% growth.

The once darling AMD, whose products were viewed as superior, dropped 6% in Frankfurt. AMD is now down nearly 7.5% in pre-market trading. AMD was also downgraded to Hold from buy at Citigroup, among other downgrades.

While Intel addressed concerns over operations and margins lately, taking measures such as a massive restructuring effort and improving products, it seems that AMD once again has its work cut out for it.

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Last updated: November 26, 2009: 07:45 PM

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