Amazon 1Q profit rises; investors still worry about economy
Thursday April 24, 1:46 am ET
By Jessica Mintz, AP Technology Writer
Amazon.com first-quarter profit climbs 29 percent, but full-year outlook spooks investors
SEATTLE (AP) -- Eagle-eyed investors are looking past Amazon.com Inc.'s double-digit growth in first-quarter earnings to spot signs that the Web retailer is not immune from broader economic uncertainty. |
Intel's first-quarter net income drops
by Agam Shah, IDG-News-Service:San-Francisco-Bureau - Apr 16, 2008 1:42 am
Intel on Tuesday reported that its first-quarter net income fell 12 percent year-over-year, although revenue was in line with analyst expectations.
The company’s net income was $1.4 billion for the first quarter, ending March 29. Earnings per share were $0.25, an 11 percent drop compared to last year, but in line with expectations of analysts polled by Thomson Financial.
The company reported revenue of $9.67 billion, a 9 percent increase compared to last year, and just a hair over analyst estimates of $9.63 billion.
Intel in March warned that low prices for NAND flash memory chips would have a greater financial impact during the first quarter than company officials had initially anticipated. Lower prices for NAND flash would bring down Intel’s expected first-quarter gross margin from 56 percent, “plus or minus a couple of points,” to around 54 percent, the company said. The gross margins for the quarter were in line at 53.8 percent, according to Intel.
NAND flash is a type of memory used as storage for MP3 players and cell phones, as well as in removable memory cards slotted into digital cameras and other devices. |
