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bye bye market-yhoo intc tank it...700 pt drop -here we come
- Thread starter dsq
- Start date
Um hum...Intel and IBM had good numbers and those are much bigger companies than yahoo.
And I doubt missed earnings would cause a 700 point selloff ..lol
And I doubt missed earnings would cause a 700 point selloff ..lol
Intel up 1% on AH...thats whats matters
NOTHING GREAT HERE...LOOK AT SECOND QUARTER REVENUE. PATHETIC.
The Santa Clara, Calif., chipmaker said sales in the first quarter totaled $8.9 billion, slightly less than the $9 billion expected by analysts.
Net income was $1.6 billion, or 27 cents a share, vs. $1.3 billion, or 23 cents a share at this time last year. Excluding a tax benefit of 5 cents, Intel's EPS beat Wall Street's expectation of 22 cents, the company said.
While gross margin of 50.1% came in ahead of the company's 49% guidance for the first quarter, Intel said margins in the second quarter would remain under pressure at 48%, plus or minus a couple of points.
Similarly, Intel's projections for second-quarter revenue were on the low end of analyst expectations. Intel said second-quarter sales will range between $8.2 billion and $8.8 billion, compared with analyst expectations of $8.8 billion.
The Santa Clara, Calif., chipmaker said sales in the first quarter totaled $8.9 billion, slightly less than the $9 billion expected by analysts.
Net income was $1.6 billion, or 27 cents a share, vs. $1.3 billion, or 23 cents a share at this time last year. Excluding a tax benefit of 5 cents, Intel's EPS beat Wall Street's expectation of 22 cents, the company said.
While gross margin of 50.1% came in ahead of the company's 49% guidance for the first quarter, Intel said margins in the second quarter would remain under pressure at 48%, plus or minus a couple of points.
Similarly, Intel's projections for second-quarter revenue were on the low end of analyst expectations. Intel said second-quarter sales will range between $8.2 billion and $8.8 billion, compared with analyst expectations of $8.8 billion.
INTEL and IBM both Flat now in AH
YHOO down 6% and google down .6%
QQQQ down 10 cents
Overall though not a big deal
Too much growth equals inflation keep in mind
YHOO down 6% and google down .6%
QQQQ down 10 cents
Overall though not a big deal
Too much growth equals inflation keep in mind