Intel (INTC) Posts Strong Gains Across All Segments, Beats Q4 Views Easily

January 19, 2012 5:02 PM EST Send to a Friend
Intel (Nasdaq: INTC) shares are volatile in late-Thursday trading following a beat on the top and bottom lines during the company's fourth quarter.

Revenue grew 21.2 percent from $11.457 billion in the same period last year to $13.887 billion.

Net income increased 5.7 percent from $3.180 billion in the year-ago quarter to $3.360 billion, or 64 cents per diluted share.

The numbers beat Street views calling for revenue of $13.72 billion and earnings of 61 cents per share.

Notably, Asia/Pacific grabbed more of overall revenue (58 percent) as sales to the Americas unit fell 1 point to 19 percent.

"2011 was an exceptional year for Intel,” commented CEO Paul Otellini. "With a tremendous product and technology pipeline for 2012, we’re excited about the global growth opportunities presented by Ultrabook systems, the data center, security and the introduction of Intel-powered smartphones and tablets."

Looking ahead, Intel sees first-quarter 2012 sales of $12.8 billion +/- $500 million. The Street is currently modeling revs of $12.80 billion.

After initially moving about 2 percent higher, Intel shares turned red but are now up about 0.2 percent to $25.65.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, Earnings

Related Entities

Earnings

Add Your Comment