Intel Q3 profits take a 35% hit

Iria · Oct 18, 2006, 01:00 AM

Source: TG Daily
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The successful introduction of Intel's Core microarchitecture wasn't enough to save the company's third quarter result. Compared to the same period of 2005, revenues were down about 12% from $9.7 billion to $8.7 billion, while profits dropped almost 35% from $2.0 billion to $1.3 billion. On a positive note, the balance sheet showed some recovery over Q2, when Intel reported a 57% decrease in revenues and a 13% decline in earnings year-over-year. Sequentially, profits improved in Q3 by 47%, revenues increased by 9%.

Oct 18, 2006, 01:00 AM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 89	Intel Q3 profits take a 35% hit Source: TG Daily _______ The successful introduction of Intel's Core microarchitecture wasn't enough to save the company's third quarter result. Compared to the same period of 2005, revenues were down about 12% from $9.7 billion to $8.7 billion, while profits dropped almost 35% from $2.0 billion to $1.3 billion. On a positive note, the balance sheet showed some recovery over Q2, when Intel reported a 57% decrease in revenues and a 13% decline in earnings year-over-year. Sequentially, profits improved in Q3 by 47%, revenues increased by 9%.