Intel Corporation (NASDAQ: INTC) earned $0.11 per share for the first quarter of fiscal 2009. Revenue and Gross Margin were not as horrible as we feared. The income tax rate was a measly 0.8 percent -- as a result of settlements of tax matters from prior years.
The spreadsheet below, which differs in material respects from the company-used presentation, compares the actual results to our model of Intel's earnings during the subject quarter.
We will post a thorough evaluation soon.
http://sheet.zoho.com/public/ncarvin/intc-income-statement-2009q1?mode=html
14 April 2009
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