Intel earnings drop

Intel Corporation reported a 29% drop in earnings for its second quarter with earnings of $1.2 billion (66 cents a share) on sales of $5.9 billion.

"We had a higher than normal inventory write-down that hurt margins as we tightened cost controls," said Intel's CFO Adam Bryant.

Intel also attributed a slight downturn in microprocessor shipments to the reduced earnings, while shipments of Ethernet hardware rose "significantly." Economic problems in Asia were also blamed

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish