Intel's quarterly sales increased by 6% to $10.2 billion in the last quarter of 2005, but the company missed its own December forecast of $10.4 billion to $10.6 billion, and its shares fell 8.9% last night in after hours trading. The company was unable to supply enough supporting chipsets in December so desktop processors didn't get used. Intel's Chief Financial Officer Andy Bryant said Intel had expected third party chipsets to be used. According to Reuters, Bryant said:
"Our guess had been the chipsets would arrive in early December, allowing us to ship more processors in the quarter," he said. "Those chipset supplies actually hit in late December, so it constrained our ability to ship product."
Still, Intel's profits for the quarter grew by 16% to $2.45 billion. And for the fiscal year, Intel made $8.66 billion on sales worth $38.83 billion.
Further info is in the Intel Corporation Q4 2005 Earnings Conference Call Transcipt (INTC).
