Intel released the third quarter earnings net profit of $1 billion 300 million

According to foreign media reports, as the world's largest chip maker, Intel on Tuesday released the 2006 third quarter financial report. The report shows that, due to the impact of product price cuts, Intel's third quarter net profit fell by 35%, but still reached analysts had expected.

In the quarter ended September 30th, Intel net profit of $1 billion 300 million, earnings per share of 22 cents, lower than last year's $2 billion, earnings per share of 34 cents. According to a survey conducted earlier by Reuters Estimates, analysts generally predicted Intel's third quarter net profit will reach $1 billion 20 million, earnings per share of 17 cents. At the same time, the company's revenue reached $8 billion 700 million, compared with $9 billion 960 million in the same period last year fell by $13%, but more than analysts had forecast $8 billion 610 million.

At the same time, Intel predicted that the company's fourth quarter revenue will be between $91 and $9 billion 700 million, consistent with Wall Street analysts generally expected $9 billion 430 million.

Intel chief financial officer Andy - Bryant in an interview with the British Reuters, said the company has to regain some of the market share from rival AMD. At the same time, Bryant forecast fourth quarter processor prices will remain stable. Currently, Intel is through the release of new products to regain some of the market share eroded by rival AMD, and cut costs through layoffs and loss of business sales. Nevertheless, some analysts predict that this year's AMD market share will continue to grow, but due to the release of new products by Intel to regain some customers, AMD growth will slow down.

On the same day, Intel's stock price fell 3.3% in regular trading on Nasdaq, to close at $20.9, in the subsequent after hours trading, the company's share price rose 2.2% to $21.38. In the third quarter of this year, Intel shares rose by AMD over the same period, the share price rose by. Currently, Intel and AMD stock price earnings ratio of 20 and 19.5.