Intel (INTC) Tops Q4 EPS Expectations; Q1, FY13 Outlook Leaves Investors Hanging
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Price: $92.13 -0.72%
Financial Fact:
Diluted earnings per common share (in dollars per share): 0.69
Today's EPS Names:
EDXC, BICX, FBPI, More
Financial Fact:
Diluted earnings per common share (in dollars per share): 0.69
Today's EPS Names:
EDXC, BICX, FBPI, More
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Intel (Nasdaq: INTC) is ticking lower Thursday night amid solid fourth-quarter 2012 results, but a tepid outlook.
Revenue for the chip maker fell 3 percent to $13.48 billion. Net income slipped 26.6 percent to $2.468 billion, or 48 cents per share. After adjusting for intangibles amortization and income tax, EPS was 51 cents.
The Street was looking for revs of $13.76 billion and EPS of 45 cents.
Data center revs stemmed overall top-line erosion, rising 7 4 percent to about $2.8 billion. PC Client Group saw revs slip 6 percent to $8.5 billion.
Gross margin topped views at 58 percent.
According to the CFO commentary, Intel sees its next-generation micro-architecture product -- codenamed "Haswell" -- qualifying for sale in the first quarter.
Looking ahead, Intel sees first-quarter 2013 revs of $12.2 billion to $13.2 billion, while the street expects $12.91 billion. Gross margin should be flat at 58 percent.
For fiscal 2013, Intel expects top-line growth in the low-single-digit percentage. Gross margin should be about 60 percent, versus GAAP gross margin of 62.1 percent in 2012.
Shares are down 1.9 percent in late trading.
Revenue for the chip maker fell 3 percent to $13.48 billion. Net income slipped 26.6 percent to $2.468 billion, or 48 cents per share. After adjusting for intangibles amortization and income tax, EPS was 51 cents.
The Street was looking for revs of $13.76 billion and EPS of 45 cents.
Data center revs stemmed overall top-line erosion, rising 7 4 percent to about $2.8 billion. PC Client Group saw revs slip 6 percent to $8.5 billion.
Gross margin topped views at 58 percent.
According to the CFO commentary, Intel sees its next-generation micro-architecture product -- codenamed "Haswell" -- qualifying for sale in the first quarter.
Looking ahead, Intel sees first-quarter 2013 revs of $12.2 billion to $13.2 billion, while the street expects $12.91 billion. Gross margin should be flat at 58 percent.
For fiscal 2013, Intel expects top-line growth in the low-single-digit percentage. Gross margin should be about 60 percent, versus GAAP gross margin of 62.1 percent in 2012.
Shares are down 1.9 percent in late trading.
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