Wednesday, July 17, 2013

Intel announced second quarter earnings: net profit fell 29%

Intel today released the 2013 fiscal second-quarter earnings. The report shows that Intel's second-quarter revenue of $ 12.8 billion, down from last year's $ 13.5 billion; net profit of $ 2 billion, compared with $ 2.8 billion last year fell 29%. Intel's second-quarter revenue of less than Wall Street analysts expected, and lowered its full-year revenue forecast, thus promoting its shares fell nearly 2 percent in after-hours.
As of June 29 of this quarter, Intel's net profit was $ 2 billion, earnings per share of 39 cents, this performance is less than a year earlier. Fiscal 2012 second quarter, Intel's net profit was $ 2.8 billion, earnings per share of 54 cents. Intel's second-quarter operating profit of $ 2.7 billion, down from last year's $ 3.8 billion. Intel's second-quarter net revenues of $ 12.8 billion, down from last year's $ 13.5 billion.
Intel's second-quarter earnings per share in line with analysts had expected, but sales were slightly lower than analysts' expectations. Financial information provider FactSet Research survey, analysts on average had expected Intel's second-quarter earnings per share of 39 cents on revenue of $ 12.9 billion.
Intel's second-quarter gross profit was $ 7.47 billion, down from last year's $ 8.554 billion. Intel's second-quarter operating expenses were $ 4.751 billion, slightly higher than last year's $ 4.722 billion. Among them, marketing, general and administrative expenses were $ 2.165 billion, higher than last year's $ 2.131 billion; R & D expenditures for the $ 2.516 billion, higher than last year's $ 2.513 billion; and amortization of intangible assets related to acquisitions expenditures for 7000 million U.S. dollars, down from last year's $ 78 million.
According to sectors, the Intel Digital Center Group's second quarter net revenues of $ 2.743 billion, compared to $ 2.734 billion; operating profit of $ 1.23 billion, compared to $ 1.365 billion. Intel's PC Client Group's second quarter net revenues of $ 8.1 billion, compared to $ 8.754 billion; operating profit of $ 2.659 billion, compared to
$ 3.44 billion. Other Intel Architecture Group's second quarter net revenues of $ 942 million, compared to $ 1.108 billion; operating loss of $ 608 million, compared with an operating loss of $ 335 million. Intel Software and Services Group's second quarter net revenues of $ 610 million, compared to $ 586 million; operating loss of $ 8,000,000, compared with transport
Operating profit was $ 14 million. Intel other operators Group's second quarter net revenues of $ 416 million, compared to $ 319 million; operating loss of $ 554 million, compared with an operating loss of $ 652 million.
First six months of fiscal 2013, Intel's net profit was $ 4.045 billion, down from last year's $ 5.565 billion; earnings per share of $ 0.79, down from last year's $ 1.07. Intel's first six months of fiscal 2013 revenues of $ 25.4 billion, down from last year's $ 26.4 billion. Intel's first six months of fiscal 2013 operating profit of $ 5.2 billion, down from last year's $ 7.6 billion. Intel's first six months of fiscal 2013 gross profit was $ 14.536 billion, down from last year's $ 16.819 billion.
Intel expects third quarter of fiscal year 2013 revenues of $ 13.5 billion, plus or minus $ 500 million, Thomson Reuters, analysts expected $ 13.7 billion; gross margin was 61 percent, plus or minus two percentage points; operating expenses (R & D, General and administrative) was approximately $ 4.8 billion; and amortization of intangible assets related to acquisitions was approximately $ 70 million; equity investments and interest and other income of approximately $ 400 million; depreciation expense of approximately $ 1.7 billion.
Intel also expects fiscal year 2013 revenues were flat year on year, lower than previously expected lower unit percentage growth. Gross margin was 59 percent, plus or minus a few percentage points, less than the previous forecast of 60%; operating expenses (research and development, general and administrative) was approximately $ 18.7 billion, plus or minus $ 200 million, compared with $ 200 million previously expected decrease; and acquisitions transaction-related amortization of intangible assets of approximately $ 300 million, flat compared with the previous forecast; capital expenditures $ 11 billion, plus or minus $ 500 million, compared with the previous forecast of $ 1 billion decline; depreciation expense of approximately 6.8 billion dollars, plus or minus $ 100 million, flat compared with the previous forecast; during this fiscal year, all the remaining quarter, the effective tax rate is expected to average about 26%.
Day, Intel shares on the Nasdaq in regular trading down $ 0.10, to close at $ 24.15, down 0.41%. In the ensuing at 16:37 U.S. Eastern Time (Beijing time at 4:37 on the 18th) until after-hours trading, Intel shares fell another $ 0.45, to $ 23.70, down 1.86 percent. Over the past 52 weeks, Intel's highest price is $ 26.90, the lowest was $ 19.23.

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