Intel surprised markets with 58% profit growth
The American company Intel surprised markets with a stronger than expected report for the third quarter. Because of the good results of the company leaders announced that they expect strong performance in the last three months of the year, mainly because of demand from emerging markets. Intel's profit for the third quarter amounted to 2.96 billion dollars, or 52 cents a share. This is an increase of 58% annually compared to results from the third quarter of last year when the company's profit was 1.86 billion dollars, or 33 cents a share. The revenue also reported growth, increasing by 18% yoy to 11.1 billion dollars. The expectations of analysts was for earnings of 50 cents per share on a revenue of 10.99 billion dollars. For the last three months of the year, Intel executives expect revenue in the 11.0 to 11.8 billion dollars, but analysts estimated the company will achieve revenues of 11.32 billion dollars. "Looking forward, we continue to see strong demand for computer components of all kinds and are very hopeful about our new series processors," said Intel CEO Paul Otellini.
Carrefour with 82 million USD profit for the half year
The French retail chain retail Carrefour has issued a profit in the first half of 2010. This is mainly due to the good performance of emerging markets, which offsets the negative effects seen in Western Europe. Of Carrefour profit was 82 million after the first six months of last year was reported a loss of 58 million. Do sales increased by 5.9 percent to 48.9 billion EUR, reported Wall Street Journal. Operating profit for the first half was 1.1 billion following last year were achieved 1.02 billion. Preliminary expectations were for an operating profit of 1.05 billion. This allows the company, which is the second largest chain of retail sales in the world after the American Wal-Mart, to confirm its forecasts for operating profit in 2010. It is a positive result of 3.1 billion. Over the last six months of Carrefour shares have increased by 1,5 per cent of the exchange in Paris. This presentation is much better than the presentation of the overall market as the main CAC 40 index lost 7.5 per cent for the period.
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