Intel (INTC) Posts Strong Gains Across All Segments, Beats Q4 Views Easily
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Price: $90.07 -2.24%
Financial Fact:
Research and development: 3.07B
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Research and development: 3.07B
Today's EPS Names:
BTTX, VAXX, ELYS, More
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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.
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.
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