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 December 23rd

Mon,5:11 PM
VPN Unlimited Premium Plan: 3 Years Of Hacker Protection and More for $19
4:38 PM
Apple Releases ‘Critical’ OS X NTP Security Update for Yosemite, Mavericks, Mountain Lion
4:10 PM
Dr. Mac’s Tried and True Apple Holiday Gift Guide for Geeks (Part 3)
3:51 PM
Procrastinator’s Guide to Last Minute Holiday Gifts
2:11 PM
TMO Daily Observations: 2014-12-22
12:39 PM
Freezing Rain Encases Slovenian Mountain in Ice [PHOTOS]
11:34 AM
Apple Pay goes to Disney World for Christmas
10:46 AM
SNL Takes on Serial with a Holiday Flair
10:07 AM
Apple Rolls Out OS X Yosemite 10.10.2 Public Beta
9:03 AM
Rumor Claims 12-inch MacBook Air Production Coming in Early 2015
Sun,8:14 PM
MGG 532: Blowin’ Up The Spammers!
7:45 PM
Get Free Bitcoins with 52 Website Faucets that Really Pay [Update]
  • __________
  • Buy Stuff, Support TMO!
  • Podcast: Mac Geek Gab
  • Podcast: Apple Weekly Report
  • TMO on Twitter!