Intel: Q4 Beats The Street

Forbes.com (Jan 19 2012)

1. Intel posted better-than-expected fourth quarter results. The chipmaker reported revenue of $13.9 million, ahead of the Street at $13.72 billion; profits of 64 cents a share beat the Street at 61 cents. Revenue was up 22% from a year ago. Gross margin in the quarter was 65.5%, up from 64.8% a year ago. Operating income of $4.8 million was up 20% from a year ago; net income of $3.5 billion was up 11%. The company noted that revenue in Q4 was negatively impacted by floods in Thailand and the resulting supply shortages of hard drives. Intel said that the drive shortages reduced orders for microprocessors, but that the situation did not impact PC unit sales in the quarter “with demand trends playing out as expected.” (Read Full Article)

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