Intel Corp said its current-quarter revenue would decline as much as 8 per cent and trimmed its 2013 capital spending plans, as personal computer sales drop due to the growing popularity of tablets and smartphones.
Sticking to their guns
Intel said its first-quarter revenue fell to $12.58 billion from $12.91 billion in the year-ago quarter.
The world's largest chipmaker forecast June-quarter revenue of $12.9 billion, plus or minus $500 million. Compared to the second quarter of last year, that amounts to roughly no change or a drop of as much as 8 per cent.
Analysts had expected $12.588 billion in revenue for the first quarter and $12.854 billion for the June quarter, according to Thomson Reuters I/B/E/S.
Intel posted first-quarter net income of $2.04 billion, or 40 cents a share, down from $2.74 billion, or 55 cents a share, in the year-ago period. Analysts on average had expected 41 cents per share.
Sticking to their guns
Intel said its first-quarter revenue fell to $12.58 billion from $12.91 billion in the year-ago quarter.
The world's largest chipmaker forecast June-quarter revenue of $12.9 billion, plus or minus $500 million. Compared to the second quarter of last year, that amounts to roughly no change or a drop of as much as 8 per cent.
More From This Section
Analysts had expected $12.588 billion in revenue for the first quarter and $12.854 billion for the June quarter, according to Thomson Reuters I/B/E/S.
Intel posted first-quarter net income of $2.04 billion, or 40 cents a share, down from $2.74 billion, or 55 cents a share, in the year-ago period. Analysts on average had expected 41 cents per share.