Intel Corporation (NASDAQ:INTC) released its 2nd Q earnings report for Fiscal Year 2012 just moments ago. The company slightly disappointed analysts expectations as it reported a 4% growth in revenue at $13.5 billion. The report also states that the company touts an operating income of $3.8 billion, a net income of $2.8 billion, and an estimated price per share of $0.54. Intel generated $4.7 billion in cash from its operations this quarter, along with dividends of $1.1 billion, while using $1.1 billion to repurchase stock.
Intel president, and CEO, Paul Otellini said that this quarter was marked with “solid execution” and “continued strength” from the company.
They project earnings to increase in the 3rd Q by nearly 3/4 of a billion dollars, giving them a strong outlook for the rest of the year. They expect their revenue to be up 3% to 5% year over year at the close of 2012. This bodes well for investors, as the company is holding its own in a feeble market.
While some analysts, such as Bill Gross, tout theories about a recession (only to change them the next day, see his position on Treasuries as example), companies like Intel Corporation (NASDAQ:INTC) seem to be flaunting profits and waving the victory flag. Otellini went on to say that while the market may be soft and unreliable at times, Intel is “well positioned for this year, and beyond.”
Judging from what Intel’s report states, they are doing fairly well in the market and will continue to do so. Their shareholders stand to receive strong dividends as Intel continues to meet expectations set by the analysts.