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Intel’s Q1 Profit Slips 13%, but Still Beats View (INTC)

By Dividend.com,  April 18, 2012, 08:33:58 AM EDT

Computer processor maker Intel Corporation ( INTC ) late Tuesday posted a decline in first quarter earnings, although its results still surpassed Wall Street expectations.

The Santa Clara-based company reported first quarter net income of $2.74 billion, or 53 cents per share, compared with $3.16 billion, or 56 cents per share, in the year-ago period.

Revenue was unchanged from last year at $12.9 billion.

On average, Wall Street analysts expected a smaller profit of 50 cents per share, on slightly lower revenue of $12.8 billion.

Looking ahead, INTC forecast current second quarter revenue to range from $13.1 billion to $14.1 billion. Analysts currently expect $13.4 billion for the period.

Intel shares fell 76 cents, or -2.7%, in premarket trading Wednesday.

The Bottom Line
We have been recommending shares of Intel ( INTC ) since Oct.21, 2011, when the stock was trading at $23.61. The company has a 2.95% dividend yield, based on last night's closing stock price of $28.47.

Intel Corporation ( INTC ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: INTC



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