Intel Earnings Rise 44%, but Shares Fall |
| New York Times - Jul 18, 2007 |
Intel, the largest chip maker, said yesterday that strong demand for personal computers helped account for a 44 percent rise in profit during the second quarter, generally bolstering confidence that the company’s overhaul was paying off.
But Intel, which is closely watched as an indicator of the overall health of the technology industry, still managed to disappoint investors with news that average chip prices were lower than expected, leading it to miss its target for gross margin.
Shares of Intel declined more than 4 percent in after-hours trading, after rising 38 cents, to close at $26.33 in the regular session, before the report was released. Shares fell $1.28, to $25.05, after the close.
Read Full Article from New York Times
- Posted: 2007-07-18 10:00:31
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