The Mac Observer

Skip navigational links

You're viewing an article in TMO's historic archive vault. Here, we've preserved the comments and how the site looked along with the article. Use this link to view the article on our current site:
Intel Reports Profit Decline

Intel Reports Profit Decline

by , 4:50 PM EDT, April 19th, 2006

Intel Corp. announced its quarterly earnings on Wednesday, noting its largest decline in profits in over four years. According to Bloomberg, the computer chip maker reported a 38 percent drop in profits. Net income fell to US$1.35 billion, down from $2.18 billion for the same quarter last year.

Sales were down 5.2 percent overall at $8.94 billion, coming in under analysts estimates.

American Technology Research analyst, Doug Freedman, commented "I still have my concerns that the company is going to run into some problems in the back half of the year," and rated Intel shares as "hold."

Intel stock is currently trading at $19.56, up 0.17 (0.88%).


If you are interested in Apple's stock, join our forum members in the Apple Finance Boards, a moderated forum for Apple Investors and people who are interested in Apple's financial dealings. For other stories regarding Apple's stock activity, visit our updated Apple Stock Watch Special Report.

Recent Headlines - Updated March 2nd

Mon,3:10 PM
OS X Yosemite 10.10.3 Beta goes Public with Photos App
1:25 PM
TMO Daily Observations 2015-03-02: Samsung’s New iPhone Copy, More Apple Car Evidence
11:01 AM
Morgan Stanley Says AAPL’s Market will Grow to $3.4 Trillion
10:11 AM
Apple Adds Cars to its Business in Switzerland
9:12 AM
Apple Builds Mystery Room for Apple Watch Media Event
Sun,7:18 PM
MGG 542: Stick This In Your Drive & Partition It
Sat,10:30 AM
IiPhoneography 101: Tripods for Your iPhone
Fri,8:54 PM
Apple Death Knell #68: Apple’s Stock Will Collapse Because iPhone Is Too Important
7:32 PM
Last Chance: Pay What You Want for the Learn to Design Bundle
4:30 PM
What to Expect During Apple’s March 9 Media Event
1:09 PM
TMO Daily Observations 2015-02-27: Apple Watch Media Event Smackdown
11:20 AM
Ericsson Sues Apple after Failing to Reach Patent License Agreement
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!