Intel-Zahlen mit Comment

verfasst von Palstek, 14.01.2003, 23:46

-->Intel Earnings -2: 4th Quarter Financial Table, Comment


Intel Corp.(NASDAQ-NMS:INTC)
- Santa Clara, Calif.
4th Quar Dec. 28:
2002 2001
Revenue $7,160,000,000$6,983,000,000
Net income 1,049,000,000 504,000,000
Avg shrs (basic) 6,598,000,000 6,698,000,000
Avg shrs (diluted) 6,660,000,000 6,851,000,000
Shr earns (basic)
Net income.16.08
Shr earns (diluted)
Net income.16.07

Intel Corp.'s (INTC) pro forma earnings, which exclude acquisition-related costs, were $1.054 billion, or 16 cents a share, compared with 15 cents a share a year earlier.

Pro forma earnings topped Thomson First Call's consensus estimate of 14 cents a share, which was based on a survey of 33 analysts. Revenue came in above the company's previous guidance and analysts' estimates. Analysts polled by First Call expected on average revenue of $6.91 billion.

In early December, Intel raised its fourth-quarter revenue estimate to between $6.8 billion and $7 billion, citing a better-than-expected performance of its microprocessor business. The company had previously projected sales of between $ 6.5 billion and $6.9 billion.

Results for the fourth quarter included a tax benefit of about $75 million related to small divestitures that closed during the quarter. Year-ago results reflected charges for the amortization of goodwill, which is no longer amortized under generally accepted accounting principles.

Intel's fourth-quarter gross margin came in at 51.6%, higher than the company's expectation of about 49%, plus or minus a couple of points. For the first quarter, Intel expects gross margin of about 50%.

For the first quarter, Intel anticipates revenue of $6.5 billion and $7 billion. Analysts are forecasting revenue of $6.63 billion, according to First Call. In the year-earlier first quarter, Intel reported revenue of $6.78 billion, with pro forma earnings of $1.02 billion, or 15 cents a share.

The company's shares recently rose slightly to $17.85 in after-hours trading, according to Island ECN. The shares closed regular Nasdaq market trading at $ 17.79, up 41 cents, or 2.4%, on volume of 70.4 million shares. Average daily volume is 66 million shares.

For the full-year 2003, Intel expects gross margin of 51%, plus or minus a few points, compared with 50% in 2000.

The company sees 2003 capital expenditures of $3.5 billion to $3.9 billion. Intel's capital spending for 2002 came in at $4.7 billion, in line with its October projection. Research and development spending is expected to be $4 billion in 2003, flat with 2002.

The company also expects to post depreciation of $1.2 billion in the first quarter and $4.9 billion for the year. Amortization of acquisition-related intangible assets is expected to be $85 million in the first quarter and $300 million for the year.

Intel said it expects to post a loss on equity investments of $125 million in the first quarter, mainly as a result of impairment charges on private equity investments.

Intel's cut in capital spending in 2003 - though widely expected - may hurt the semiconductor equipment industry, which is in the midst of its worst downturn ever.

Indeed, shares of semiconductor equipment manufacturers fell in after-hours trading. Applied Materials Inc.(NASDAQ-NMS:AMAT) (AMAT) tumbled to $14.73 from a close of $15.36, while Varian Semiconductor Equipment Associates Inc.(NASDAQ-NMS:VSEA) (VSEA) dropped to $28 from $29.59. Novellus Systems Inc.'s (NVLS) shares fell to $32.48 from $33.45.

Intel said it is trying to improve its cost structure and competitiveness to" continue to outperform now and when the economic picture improves."


Dow Jones Newswires
01-14-031641ET


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gesamter Thread:

• na wer sagts denn, Intel Umsatz und Gewinn über Erwartungen 16cent (erw14) - R1, 14.01.2003, 22:24
  • aber mit 17,85 nur wenige Cent über Schlußstand - HB, 14.01.2003, 22:31
    • jetzt 17,65 and counting (down) (owT) - HB, 14.01.2003, 22:45
      • Intel-Zahlen mit Comment - Palstek, 14.01.2003, 23:46
      • jetzt 17,95 (damit die Longies gut schlafen können) (owT) - HB, 15.01.2003, 00:14
  • Re: CAPEX eine Katastrophe, vor einem Jahr solltens noch 7Mrd sein - kingsolomon, 14.01.2003, 23:39
    • Die semiconductor equipment manufacturers fallen nachbörslich auch schon.... (owT) - Palstek, 15.01.2003, 00:04