Wednesday, May 11, 2005
SWOP homepageIntel's Tax Boost No Surprise
Some surprise! From the ABC business website...
Intel Q1 earnings get surprise tax boost
Reuters
May 11, 2005 — SAN FRANCISCO (Reuters) - Intel Corp. reduced its tax bill by $24 million in the first quarter, boosting net income by a penny per share above the level it reported on April 19, the world's largest chip maker said on Wednesday.
"Subsequent to our earnings release on April 19, 2005, we recorded a tax adjustment that reduced the tax provision by $24 million," the company said in a quarterly filing with U.S. securities regulators.
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Intel Q1 earnings get surprise tax boost
Reuters
May 11, 2005 — SAN FRANCISCO (Reuters) - Intel Corp.
"Subsequent to our earnings release on April 19, 2005, we recorded a tax adjustment that reduced the tax provision by $24 million," the company said in a quarterly filing with U.S. securities regulators.
More...
