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Earnings roundup: Intel, Genentech



By AP
14 October 2008 @ 07:26 pm EST

Among the earnings stories for Tuesday, Oct. 14, from AP Financial News:

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SAN JOSE, Calif. (AP)--Intel Corp.'s third-quarter profit rose 12 percent, edging past Wall Street's estimates, but the chip maker cautioned that the pall the financial crisis has cast over the technology sector makes it hard to predict its results for the current period.

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NEW YORK (AP)--Genentech Inc.'s third-quarter profit rose 6.7 percent on rising sales of key cancer drugs, the biotechnology company said Tuesday, matching Wall Street's profit forecasts.

NEW YORK (AP)--CSX says third-quarter earnings jumped 29 percent, beating Wall Street's expectations, but the freight railroad operator says it's now more cautious about its outlook for full-year earnings.

SAN JOSE, Calif. (AP)--Altera Corp., which makes programmable chips, said Tuesday third-quarter profit climbed 37 percent as sales rose and operating expenses slid.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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