Intel (INTC) Reports Q1 EPS of $0.11, Beats by 8c; Guides
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Intel Corporation (Nasdaq: INTC) reports Q1 EPS of $0.11, 8 cents better than the analyst estimate of $0.03. Revenue for the quarter was $7.145 billion, versus the consensus of $6.98 billion.
Sees Q2 revs unchanged from Q1. Sees Q2 gross margin in the mid-40's range. Sees FY09 capital spending slightly down from 2008. Believes PC sales "bottomed out" during Q1. The Street is currently expecting Q2 sales of $7.05 billion.
UPDATE: Click here to see a summary of some highlights from Intel's Q1 conference call.
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