Intel (INTC) Slammed After Q4 Earnings Report

January 15, 2008 4:33 PM EST
Shares of Intel (Nasdaq: INTC) are under heavy pressure after the close Tuesday following its fourth quarter earnings report.

Intel reported Q4 EPS of $0.38, including a 2.5c charge, versus the analyst estimate of $0.40. Revenues for the quarter were $10.7 billion, versus the consensus of $10.84 billion.

Intel said it sees Q1 revenues of $9.4 to $10 billion, versus the consensus of $9.97 billion.

Intel's Q4 margin were 58%. The company sees Q1 gross margin of 56% (plus/minus couple of points). Sees 2008 gross margin of 57% (plus/minus couple of points).

Intel is down 13% from its 4PM close.

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