Intel beats expectations

Quarterly profits exceed forecasts but vendor refuses to make future predictions
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Intel’s latest financial results have exceeded predictions, with an overall net profit of £433 million.

However, despite this quarterly boost, year-on-year profits are down by 11 per cent and Intel has refused to make further predictions, citing the uncertain economic climate.

As a result of the lack of a forecast, Intel shares fell by 4.5 per cent.

“The numbers are good – there’s nothing wrong with the results they posted. The guidance is where people are finding disappointment,” Broadpoint analyst Doug Freedman told the BBC.

“They’re continuing to highlight a rather large degree of uncertainty, both in terms of revenue and gross [profit] margins.”