Wednesday, January 14, 2004
A semiconductor analyst with Susquehanna Financial Group, is expecting Intel Corp. to top his previous estimates for the company when it announces its fourth quarter 2003 financial results on Wednesday (Jan. 14).
Tai Nguyen has Intel pegged at $8.62 billion in sales revenue for the quarter and earnings-per-share of $0.24, which takes into account the $600 million goodwill write down for poor performance in the cellphone market.
Otherwise Susquehanna would have expected Intel to turn in $0.30 earnings per share.
The options trading house is now looking at $8.64 billion and EPS of $0.25 for the fourth quarter. Intel reported third-quarter revenue of $7.8 billion and net income of $1.7 billion, or $0.25 per share.
"We believe Intel could top our [fiscal fourth quarter] revenue and EPS estimates and provide an upbeat outlook for [fiscal first quarter] based on continued strong processor and NOR flash demand for PCs and handsets, respectively," Nguyen said in a statement.
He added that Intel is "well positioned to capitalize on the corporate PC replacement cycle which looks as if it will occur during 2004, given its advanced 300-mm manufacturing capability and highly competitive processor roadmap."
By: DocMemory
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