Intel (INTC) Tops Q4 EPS Expectations; Q1, FY13 Outlook Leaves Investors Hanging
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.