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Intel trims FY outlook, sees better Q3
2015-07-16 08:53:00| Telecompaper Headlines
(Telecompaper) Intel reported second-quarter revenues of USD 13.2 billion, down 5 percent from a year earlier. The drop was due mainly to weakness in the PC market, with revenues at Intel's Client Computing Group down 14 percent year-on-year to USD 7.5 billion. Its data centre division grew revenues 10 percent to USD 3.9 billion, and IoT revenues were up 4 percent to USD 559 million. All three divisions also grew revenues compared to the first quarter of the year. Only the software and services segment posted sales flat on a sequential basis, at USD 534 million or down 3 percent year-over-year. Intel recorded a gross margin of 62.5 percent, slightly better than its forecast but still down 2.0 percent points from the year-earlier period. Operating profit fell 25 percent to USD 2.9 billion, and net profit was down 3 percent to USD 2.7 billion. Earnings per share were unchanged year-on-year at USD 0.55. For the third quarter, Intel forecast revenues of USD 14.3 billion, slightly better than the usual seasonal increase, and a gross margin around 63 percent. The company again cut its full-year outlook, now forecasting an around 1 percent drop in sales versus its previous forecast for flat revenues. The gross margin outlook was improved slightly to 61.5 percent from 61.0 percent.
Joel Greenblatt Trims Position in Norfolk Southern
2015-05-18 18:46:27| Railroads - Topix.net
Joel Greenblatt is founder and managing partner of Gotham Asset Management, LLC. He is known for the invention of Magic Formula Investing. Last quarter, he decreased his position in Norfolk Southern Corporation by selling 418,821 shares of the company.
Tags: position
southern
joel
norfolk
Standard Pacific Capital Trims Exposure to Top Picks Including KAR...
2015-05-12 00:10:25| Chemicals - Topix.net
Standard Pacific Capital is a medium-sized hedge fund headquartered in San Francisco, CA. Douglas Dillard and Raj D. Venkatesan, both graduates of Harvard Business School, founded Standard Pacific in 1995.
Tags: top
including
standard
capital
Citigroup Inc. Trims 3D Systems Target Price to $26.00
2015-05-11 05:46:38| Electronics - Topix.net
The firm currently has a "neutral" rating on the stock. Citigroup Inc.'s price target would suggest a potential upside of 16.49% from the stock's previous close.
Noble Energy trims local workforce
2015-04-13 23:24:07| Energy - Topix.net
Noble Energy is reducing its workforce by 220 positions, an 8 percent cut, based on the number of employees it reported in its most recent 10-K. The company said it is taking the step as a result of low energy prices.
Tags: local
energy
noble
workforce
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