Intel posts Q1 financial results

— 1:32 AM on April 20, 2005

Intel has reported its Q1 financials results, including $9.4 billion in revenue for the quarter.

First-quarter net income was $2.2 billion, up 25 percent year-over-year and up 1 percent sequentially. Earnings per share were 34 cents, up 31 percent from 26 cents in the first quarter of 2004 and up 3 percent from 33 cents in the fourth quarter of 2004. Intel’s first quarter included an additional week of business because 2005 is a 53-week fiscal year for the company. Last year’s first-quarter results included a legal settlement charge that reduced earnings per share by 1.7 cents.
Processor average selling prices were flat over the quarter, with Intel seeing record sales from its mobile and wireless connectivity divisions.
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