After the closing bell on Thursday, Intel Corp (INTC ) reported its fourth quarter results, posting strong gains in revenue and earnings compared to last year’s Q4 results.
INTC’s Earnings in Brief
- Intel Corp reported fourth quarter revenues of $14.7 billion, up from last year’s Q4 revenues of $13.8 billion.
- Net income for the quarter came in at $3.7 billion, or 74 cents per share, up significantly over last year’s Q4 figures of $2.6 billion, or 51 cents per share.
- INTC beat analysts’ EPS estimates of 66 cents, while revenues met the $14.7 billion expectation.
- Looking ahead to Q1, INTC sees revenue of $13.7 billion plus or minus $500 million.
Intel CEO Brian Krzanich had the following comments: "The fourth quarter was a strong finish to a record year. We met or exceeded several important goals: reinvigorated the PC business, grew the Data Center business, established a footprint in tablets, and drove growth and innovation in new areas. There is more to do in 2015. We’ll improve our profitability in mobile, and keep Intel focused on the next wave of computing.”
Intel paid its last quarterly dividend of 23 cents on December 1. We expect the company to declare its next dividend in the coming weeks.
Intel stock was down 94 cents, or 2.16%, in after hours trading.
The Bottom Line
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