Vladimír Urbánek (Kurzy.cz)
World markets  |  October 17, 2012 09:23:04

Intel's results in Q3 of this year exceeded estimates, but the outlook disappointed margins


Intel Corporation today reported its results for the third quarter. The company reported revenue of $ 13.5 billion, operating income of $ 3.8 billion, net profit of 3.0 billion and earnings per share of 0.58 dollars. The company has received from operating activities of approximately $ 5.1 billion on dividends paid out $ 1.1 billion and 1.2 billion spent to repurchase shares.

"Our achievements in the third quarter reflect persistently difficult economic conditions,"said President and CEO of Intel Paul Otellini and he added: "The world of computer technology in the midst of a period of revolutionary innovation and creativity. Deny their claim to the fourth quarter and we are pleased to progress in Ultrabooků, phones and tablets built on technology developed by Intel, which currently appear on the market. "

Key financial information and trends (in accordance with accounting principles GAAP, unless otherwise stated)

·        PC Client Group revenue $ 8.6 billion, the same as in previous years, and 8 percent less than in the same period previous year

·        Data Center Group, sales of $ 2.7 billion, about 5 percent less than in the previous period and 6 percent more than in the same period last year

·        Revenues from other part of the Intel architecture $ 1.2 billion, 6 percent more than in the previous year, 14 percent less than in the same period last year

·       Gross margin of 63.3 percent, 1.3 percentage points above the mean value of the updated expectation of 62 percent

·        Expenditure on research and development of $ 4.6 billion - no change

·        Tax rate of 24 percent - lower than the expected rate of 28 percent.

Economic Forecast

Economic forecast does not include the potential impact of the Intel linking companies, acquisition, sale, or other investments completed after 16 October.

4th quarter of 2012 (in accordance with accounting principles GAAP, unless otherwise stated)

·       Revenue: $ 13.6 billion, plus or minus 500 million

·        Gross margin: 57 percent and 58 percent Non-GAAP (excluding amortization of intangible asset associated with acquisitions), both data plus or minus a few percentage points

·        Expenditure on research and development (R & D): about $ 4.5 billion

·        Amortization of intangible asset associated with acquisitions: about $ 75 million

·        Impact of equity investments and interest and other: Approximately $ 75 million

·        Depreciation: roughly $ 1.6 million

·        Tax rate: approximately 27 percent

·        Capital expenditures for the full year: $ 11.3 billion, plus or minus 300 million

Status economic forecasts

Economic Forecast Intel is published on intc.com and can be used at public or private meetings with investors and others. Economic outlook will enter into force on 14 December - unless updated before - with the exception of the economic outlook asset amortization associated with acquisitions, the impact of equity investments and interest and tax rates. They come into force on 23 October after the close of trading on the Exchange. "Silent" period, Intel will run from 14 December (close of trading on the stock exchange) to issue press releases with the results for the fourth quarter of the 17th January 2013.During this "quiet" period is to be considered economic outlook and all other information directed to the future, in press releases published by the company and submitted to the Securities and Exchange Commission for historical, relating to the time before the "quiet" period, and not subject to update by the company.

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compared to Q2 2012

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54 cents

quarterly

 

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Q2 2012

Sales

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$ 13.5 billion

0

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63.3 %

63.4%

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Operating profit

$ 3.8 billion

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0

Net Profit

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$ 2.8 billion

increase of 5.1%

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58 cents

increase of 7.4 %

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quarterly

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Q2 2012

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64.4%

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increase of 5.3%

Financial comparison of Non-GAAP

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Q3 2012

compared to Q2 2011

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64.3%

0

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$ 4.1 billion

$ 4.1 billion

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Net profit

$ 3.1 billion

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increase of 4.8%

Earnings per share

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57 cents

These results exclude amortization of intangible assets associated with acquisitions or the impact of these tax expenditures.

 

Webcast on sales

Intel will hold today at 14:00 Pacific time (PDT) public webcast. It will be available on the Investor Relations www.intc.com . From the site you can get a re-recording and also webcast in MP3 format.

Intel plans to publish its revenue for the fourth quarter of 2012 17th January 2013. Immediately after the publication of reports on the sales company shall comment vice president and CFO Stacy J. Smith, to be downloadable atwww.intc.com / results.cfm. Public conference webcast Intel's sales will follow at 14:00 PDT www.intc.com .

 

Intel
Pavel Svoboda
PR Manager, CEE


Mediakom
Catherine Preserves
media consultant at Intel

Intel's net profit for Q3 amounted to USD 2.97 billion (58 cents per share) on revenues of 13.5 billion USD. That's more than analysts expected (49 cents, or 13.2 billion USD). Investors were disappointed, however, view 4Q profit margin, which the company expects about 57% (exp. 61.4% of the market). As the reason for lower expected margins the company said fall in demand for personal computers.

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