Intel posted a fourth-quarter net income of $2.3 billion, up 875% over its report last year at this time. Record revenues came in at $10.6 billion, up 28% year over year. Further the company yet again boosted its revenue guidance saying it expects first quarter revenue of $9.30 billion to $10.10 billion. The consensus estimate [...]
:: Saturday, March 20, 2010
Many economists have claimed that as recovery begins in the current economic cycle that the rebound will be lifeless.
However several economists and indices argue that many times deeper than average recessions are followed by a significant economic rebounds.
As this current earnings seasons begins, Intel agrees. On Tuesday the technology leader boosted its formal guidance [...]
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