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That is odd, because they also reported an 18% increase in profits.
by daveguy 11y ago
That is odd, because they also reported an 18% increase in profits.
- dismal2 11y agoquote from zerohedge: Instead of using the same tax rate as a year ago, when it had an effective tax rate of 25.5%, this quarter the tax rate was down 7.1% to just 18.4%. Had INTC used the historical tax rate, it would have, surprise, missed. Worse, INTC just cut its outlook, predicting revenue of $13.5 billion, plus or minus $500 million, for the Q2, about $700MM below consensus estimates.