On Tuesday, Intel
- The company earned $0.27 per share after accounting for share-based compensation, which easily beat the Street's $0.18 estimate.
- What's more, the chip maker topped analyst projections on the top line by more than $100 million.
- But not all the news was good; inventory continued a steep climb upward, increasing 59% year over year. That's hardly encouraging news when sales were down 12% over the same period.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$8,620 |
$8,739 |
$9,960 |
(12.3%) |
|
Net Profit |
-- |
$1,301 |
$1,995 |
(34.8%) |
|
EPS |
$0.18 |
$0.22 |
$0.32 |
(31.3%) |
|
Diluted Shares |
-- |
5,832 |
6,144 |
(5.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
49.14% |
59.72% |
(10.58) |
|
Operating Margin |
15.72% |
31.12% |
(15.40) |
|
Net Margin |
14.89% |
20.03% |
(5.14) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$7,123 |
$11,951 |
(40.4%) |
|
Accounts Rec. |
$3,358 |
$3,748 |
(10.4%) |
|
Inventory |
$4,477 |
$2,815 |
59% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$6,880 |
$6,654 |
3.4% |
|
Long-Term Debt |
$2,256 |
$684 |
229.8% |
Learn the ways of the balance sheet.
Cash Flow Checkup
Cash flow statement not provided. (What-ever.)
Find out why Fools always follow the money.
Related Companies:
-
Advanced Micro Devices
(NYSE:AMD) -
Dell
(NASDAQ:DELL) -
Hewlett-Packard
(NYSE:HPQ) -
IBM
(NYSE:IBM) -
Marvell Technology
(NASDAQ:MRVL) -
Sun Microsystems
(NASDAQ:SUNW)
Related Foolishness:
- Check out our Foolish forecast ahead of Intel's earnings.
- What, not full? Have some more cake, Intel.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Dell, Intel, and Microsoft are all Motley Fool Inside Value picks. Dell is also a Motley Fool Stock Advisor selection. Get 30 days of free access to either service by clicking on the appropriate link.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out which stocks he owns by checking Tim's Fool profile. The Motley Fool's disclosure policy always adds up.
