Intel Corporation finished the after hours session up 4.58%, while traders pushed shares of VMware up 12.48%.
Intel
Paul Otellini stated that Intel's Q1 results were "...an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies." Below is a comparison of my Q1 prediction versus actual results.
Below is a comparison of my Q1 prediction versus actual results.
Intel
Paul Otellini stated that Intel's Q1 results were "...an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies." Below is a comparison of my Q1 prediction versus actual results.
Income Statement | ||
Three months ended March 31, 2011 | ||
Tyler Smithson | Actual | |
Net Revenue | $11,377 | 12,847 |
Cost of Sales | 4,278 | 4,962 |
Gross Margin | 7,099 | 7,885 |
R&D | 1,670 | 1,916 |
MG&A | 1,672 | 1,775 |
Amortization | 7 | 36 |
Operating Expenses | 3,349 | 3,727 |
Operating Income | 3,749 | 4,158 |
Gains/(Losses) on Equity Investments | -39 | 28 |
Gains/(Losses) on Other Equity Investments | -27 | - |
Interest and Other, Net | 95 | 185 |
Income Before Taxes | 3,778 | 4,371 |
Provision for Taxes | 1,141 | 1,211 |
Net Income | $2,637 | $3,160 |
EPS | $0.47 | $0.56 |
VMware
Not only did VMware have a spectacular quarter, Mark Peek, the chief financial officer, also guided higher for the second quarter and fiscal 2011 year:
VMware's first quarter results were driven by strong demand across all geographies. Second quarter 2011 revenues are expected to be in the range of $860 and $880 million, a year-over-year increase of 28% to 31%. For the year, we expect annual revenues to be in the range of $3.55 billion and $3.65 billion, an increase of 24% to 28% compared to 2010. We expect our non-GAAP operating margin for 2011 to expand slightly from 2010.
Below is a comparison of my Q1 prediction versus actual results.
Income Statement | ||
Three months ended March 31, 2011 | ||
Tyler Smithson | Actual | |
Total Revenue | $817,542 | $843,721 |
Operating Ex: | ||
Cost of License Revenue | 50,824 | 56,018 |
Cost of Service Revenue | 89,752 | 93,879 |
R&D | 179,859 | 169,163 |
Sales & Marketing | 302,490 | 302,924 |
G&A | 74,226 | 68,235 |
Total Operating Ex | 697,152 | 690,219 |
Operating Income | 120,390 | 153,502 |
Investment Income | 2,648 | 3,406 |
Interest Ex | -1,093 | -959 |
Other Income | -3,546 | 165 |
Income Before Taxes | 118,400 | 156,114 |
Provision for Income Taxes | 21,111 | 30,302 |
Net Income | 97,289 | 125,812 |
EPS | $0.42 | $0.48 |
The Street v. Tyler Smithson
Company | Metric | Actual | Analysts’ Consensus | % Error | Tyler Smithson | % Error |
Intel | Revenue | $12.90 | $11.60 | 10.08% | $11.38 | 11.78% |
EPS | $0.59 | $0.46 | 22.03% | $0.47 | 20.34% | |
VMware | Revenue | $843.72 | $815.06 | -3.40% | $817.54 | -3.10% |
EPS | $0.48 | $0.42 | 12.50% | $0.42 | 12.50% |
INTC Ownership VMW Ownership
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Author’s Family: NO Author's Family: NO
Disclaimer:
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· Opinions, estimates and projections contained in this report are of the author as of the date published and are subject to change without notice.
· This report is not, nor should it be construed as, an offer to sell or solicitation of an offer to buy any securities.
· Unless otherwise noted, all research reports provide information of a general nature and do not address the circumstances of any particular investor.
· It is important to do your own due diligence on any position you enter.
