Intel beats analysts' first quarter forecasts

Intel logo Intel shares fell in after-hours trading in New York

Intel's profits beat Wall Street forecasts again as it released its figures for the first quarter of 2012.

The world's largest chipmaker posted first-quarter revenue of $12.9bn (£8.4bn) and net earnings of $2.7bn.

"The first quarter was a solid start to what's expected to be another growth year for Intel," said Intel chief executive Paul Otellini.

He said that in the second financial quarter "we'll see the first Intel-based smartphones in the market".

Despite the positive outlook, Intel shares fell 2.81% in after-hours trade, having closed up 0.23% at $28.47 on the Nasdaq.

Mr Otellini also said that in the coming months Intel would ship products "based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond".

The firm envisages second-quarter revenue of $13.6bn plus or minus $500 million.

Analysts, who have been urging Intel to move more quickly into the tablet and mobile market, had predicted Intel would post $12.84bn in revenue for the first quarter and $13.45bn for the second quarter.

More on This Story

The BBC is not responsible for the content of external Internet sites

More Business stories


Features & Analysis

Elsewhere on the BBC

  • Audi R8Need for speed

    Audi unveils its fastest production car ever - ahead of its Geneva debut


  • A bicycle with a Copenhagen WheelClick Watch

    The wheel giving push bikes an extra boost by turning them into smart electric hybrids

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.