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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Intel Profits Decline 0.7% 0 comments
    Oct 16, 2013 10:03 AM | about stocks: INTC, ARMH

    Originally published at www.seclive.com

    Filing in Focus: Intel 8-K, October 15, 2013

    Intel Corporation (NASDAQ:INTC) announced its third quarter financial results for the fiscal year 2013, reporting earnings that declined 0.7%. The company's relatively flat performance was further demonstrated in its 0.2% increase in revenue to $13.48B. Intel exceeded its own expectations on gross margin, reporting 62.4% for the quarter above its 61% estimate. Earnings this quarter were down from $2.97B to $2.95B while earnings per share remained flat at $0.58, beating analyst estimates of $0.53 per share. Intel is estimating its fourth quarter revenues to be around $13.7B with a 61% margin. Intel, whose products service computers and servers, has been struggling recently as consumers are directing their money towards tablets and smartphones powered by chips produced by ARM Holdings (NASDAQ:ARMH).

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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