Intel (INTC) CEO Spills the Beans on FY11 Revs
Tweet
Share
E-mail
Get Alerts INTC Hot Sheet
Price: $100.95 +3.32%
Financial Fact:
Diluted earnings per common share (in dollars per share): 0.69
Today's EPS Names:
ITG, MTEX, NSYS, More
Financial Fact:
Diluted earnings per common share (in dollars per share): 0.69
Today's EPS Names:
ITG, MTEX, NSYS, More
Join SI Premium – FREE
Intel (Nasdaq: INTC) CEO Paul Otellini may have given a little sneak peak into numbers for the quarter during a Consumer Electronics Show (CES) interview on Fox Business (FBN).
On the floor of the show, an FBN reporter spoke with Otellini, who initially highlighted product offerings like Ultrabooks and smartphones that Intel will be participating.
Toward the end of the interview, he said that Intel will "probably get about $54 billion of revenue" for 2011. The number might not seem like anything, but Intel didn't give revenue guidance before in any previous quarterly report. Additionally, since the annual revenue number is probably one of the top 5 things a CEO should know, using "probably" could mean "will be" in this case, though he was admittedly not prepping for a press conference or investor call.
Otellini's outlook compares favorably to average analyst estimates calling for $53.84 billion in revs for fiscal 2011.
He did guesstimate about $13.7 billion for the fourth-quarter, which is in-line with views.
Shares of Intel are up about 0.8 percent.
On the floor of the show, an FBN reporter spoke with Otellini, who initially highlighted product offerings like Ultrabooks and smartphones that Intel will be participating.
Toward the end of the interview, he said that Intel will "probably get about $54 billion of revenue" for 2011. The number might not seem like anything, but Intel didn't give revenue guidance before in any previous quarterly report. Additionally, since the annual revenue number is probably one of the top 5 things a CEO should know, using "probably" could mean "will be" in this case, though he was admittedly not prepping for a press conference or investor call.
Otellini's outlook compares favorably to average analyst estimates calling for $53.84 billion in revs for fiscal 2011.
He did guesstimate about $13.7 billion for the fourth-quarter, which is in-line with views.
Shares of Intel are up about 0.8 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Intel said to give no shares to about 33% of orders in offering
- Andersen Group Inc. (ANDG) Reports Q2 Loss of $0.09; offers guidance
- Spire Global (SPIR) Tops Q2 EPS by 2c; Offers Guidance
Create E-mail Alert Related Categories
GuidanceRelated Entities
CESSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
