SAN FRANCISCO (Reuters) – Intel Corp forecast current-quarter revenue that was slightly below expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones.
PC makers are struggling to stop a decline in sales as consumers hold off on buying new laptops in favor of spending on more nimble mobile gadgets.
Microsoft Corp‘s long-awaited launch of Windows 8 in October brought touchscreen features to laptops but failed to spark a resurgence in sales that Intel and many PC manufacturers had hoped for.
Intel said its capital spending in 2013 would be $ 13 billion, plus or minus $ 500 million, exceeding what many analysts had expected.
In the fourth quarter, Intel’s revenue was $ 13.5 billion, compared with $ 13.9 billion a year earlier. Analysts had expected $ 13.53 billion in revenue for the fourth quarter, according to Thomson Reuters I/B/E/S.
Intel estimated first-quarter revenue of $ 12.7 billion, plus or minus $ 500 million. Analysts expected $ 12.91 billion for the current quarter.
Net earnings in the December quarter were $ 2.5 billion, or 48 cents a share, compared with $ 3.4 billion, or 64 cents a share, in the same quarter last year.
(Reporting by Noel Randewich; Editing by Richard Chang)
Gadgets News Headlines – Yahoo! News
Title Post: Intel’s revenue forecast short of expectations
Url Post: http://www.news.fluser.com/intels-revenue-forecast-short-of-expectations/
Link To Post : Intel’s revenue forecast short of expectations
Rating:
100%
based on 99998 ratings.
5 user reviews.
Author:
Thanks for visiting the blog, If any criticism and suggestions please leave a comment
Intel’s revenue forecast short of expectations
This article
Intel’s revenue forecast short of expectations
can be opened in url
http://newsoverhale.blogspot.com/2013/01/intels-revenue-forecast-short-of.html
Intel’s revenue forecast short of expectations
