Intel reports surge in profit for 4th quarter; more than twofold increase in net income propels firm's stock 8% higher

Article Abstract:

Intel Corp reports that net income for 4th qtr FY 1992, ending Dec 26, was $428.8 million, or $1.97 per share, up more than 100 percent from net income of $188.7 million, or 90 cents per share, in 4th qtr 1991. Revenue was a record $1.86 billion, up 54 percent from the year-earlier period. The results surpass analysts' forecasts of $1.50 to $1.80 per share income. Intel's stock jumps $8.125 to $110.125 on Jan 13, 1993, the day the results are reported. Alex. Brown and Sons analyst John Marren says Intel, along with Microsoft Corp, is replacing IBM as a bellwether technology stock. The tremendous income and revenue results from Intel's monopolistic hold on the market for 486 microprocessors, which are the 'brains' of most personal computers sold. Intel is now the world's biggest semiconductor manufacturer.

Computer peripheral equipment, not elsewhere classified, Increase, Financial Report, Fourth Quarter

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Intel's profit rose by 57% in 1st quarter

Article Abstract:

Santa Clara-based Intel Corp. announced its first-quarter profit is up by 57% though revenue was up only 18%. Profit is expected to be a little flatter in the second quarter. Two new products are doing well in sales, the Pentium III chip and Celeron, a low-end chip for the sub-$1,000 PC market.

Comment:

First quarter earnings are a little better than analysts expected

United States, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Sales, profits & dividends, Abstract

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