Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, October 16, 2009

Article Excerpt

INTEL CORP., $20.18, Nasdaq symbol INTC, reported better-than-expected third-quarter earnings and sales this week. In the three months ended September 26, 2009, the computer-chip maker’s earnings fell 7.8%, to $1.9 billion from $2 billion a year earlier. Earnings per share fell 5.7%, to $0.33 from $0.35, on fewer shares outstanding. However, the latest earnings were 83.3% higher than Intel’s second-quarter earnings of $0.18 a share. They also beat the $0.28 a share that analysts were expecting. Sales fell 8.1%, to $9.4 billion from $10.2 billion a year earlier. However, that was better than the consensus forecast of $9 billion. Moreover, the latest sales were up 18% from the second quarter. Computer sales should rise as the Christmas shopping season begins. As well, many businesses and individuals have put off buying new computers over the past two years because of problems with Microsoft’s Windows Vista operating system. However, Microsoft is launching its new Windows 7 operating system on October 22. This should prompt more…