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Intel profit up in third quarter, but outlook cloudy
Posted: 15 October 2008 0527 hrs

 
 
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WASHINGTON: Intel Corp. said on Tuesday its third-quarter profit rose 12 percent from a year ago but warned of an uncertain outlook because of a global financial crisis.

Intel, the world's biggest computer chip manufacturer, said net profit rose to 2.0 billion dollars in the third-quarter of the year with earnings per share of 35 cents, slightly better than analysts' forecasts of 34 cents.

Revenue in the third-quarter rose to 10.2 billion dollars, in line with expectations and up one percent from the same period last year.

"Intel delivered the best third-quarter revenue in its history," said Paul Otellini, Intel president and chief executive.

"As we look to the fourth quarter, it is hard to know what impact the financial crisis will have on end customer demand," he said. - AFP/de

 

 



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