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Intel Corporation (NASDAQ:INTC) Earnings Modest In Third Quarter

Boston, MA 10/18/2013 (wallstreetpr) – As expected from the technology giant, Intel Corporation (NASDAQ:INTC) announced a ‘modest’ performance for third quarter of the fiscal year.  Per share earnings was $0.58 while overall revenue posted was $13.48 billion for the quarter ending.

For Intel this has been a great survival year, given the overall poor sales in Personal Computers both within US markets and globally as well.  In the last quarter of 2012, Intel’s sales revenue was $13.477 billion.

Hidden-Value behind Intel’s strong financial performance

High speculation about poor PC sales in the future has not affected Intel share prices largely because of the quick shift in the products that Intel now offers. Traditionally, Intel produced processors for personal computers. Now, following the advancement in mobile technologies and higher penetration, Intel too has expanded its product portfolio to address hardware and component needs of networking, storage, server market segment and most importantly the post-mobile device segment.

The inherent latent or hidden value that Intel has attracts investors in value investment. This is attributed to Intel’s closing prices (as of Tuesday) being very close to the target price set by Thomson Reuters at $23.80. Intel’s shares opened at $23.39 and closed at $23.74 for the previous closing day.

Earnings to be affected by poor PC sales in next quarter

Intel’ primary revenue segments are in PC sales and in data center sales. Over the past year, the PC sales saw $8.4 billion revenue, while $2.9 billion were earned in datacenter sales. Currently, Intel shares are priced $23.39, end of Tuesday trading. These shares also posted 52-week low and high of $19.23 and $25.93 respectively.

Mobile network sales the future

Intel has in the past few quarters steadily increased its presence in a third new segment – advanced mobile devices, often called as ultra-mobile devices, storage, server marketer as well as networking. The company expects these segmental sales to drive the share prices and reach $28 to $30.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).



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