Reuters: Technology News: Intel's revenue forecast meets expectations

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Intel's revenue forecast meets expectations Apr 16th 2013, 20:19 Tweet Share this Email Print Related News Goldman profit up but revenue from client trading drops 1:32pm EDT Schwab first-quarter earnings rise but miss estimates Mon, Apr 15 2013 Wells Fargo profit beats, but mortgage business slows Fri, Apr 12 2013 Rite Aid posts quarterly and annual profits, shares up Thu, Apr 11 2013 PC quarterly sales plummet, sharpest drop on record Wed, Apr 10 2013 Analysis & Opinion A much better alternative for Cyprus A woman walks past an Intel logo at the 2012 Computex in Taipei June 5, 2012. Credit: Reuters/Yi-ting Chung By Noel Randewich Tue Apr 16, 2013 4:19pm EDT (Reuters) - Intel Corp forecast June-quarter revenue in line with expectations as the personal computer industry grapples with falling sales and a shift toward tablets and smartphones. Intel said its first-quarter revenue was $12.58 billion, down from $12.91 billion in the year-ago quarter. The world's largest chipmaker forecast June-quarter revenue of $12.9 billion, plus or minus $500 million. Analysts had expected $12.588 billion in revenue for the first quarter and $12.854 billion for the June quarter, according to Thomson Reuters I/B/E/S. Intel posted first-quarter net income of $2.04 billion, or 40 cents a share, down from $2.74 billion, or 55 cents a share, in the year-ago period. Analysts on average had expected 41 cents per share. (Reporting by Noel Randewich; Editing by Phil Berlowitz and Richard Chang) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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