Market Overview

Intel Falls After Q4 Results

Global semiconductor leader Intel (NASDAQ: INTC) released its fiscal fourth-quarter earnings just before the end of the trading session Thursday. The company reported net income of $2.5 billion or $0.48 per share, compared to $3.4 billion or $0.64 per share, in last year's corresponding period.

On a non-GAAP basis, which is comparable to analysts' consensus estimates, the company reported net income of $2.6 billion or $0.51 per share, versus $3.5 billion or $0.67 per share, in last year's fourth-quarter. This came in well ahead of Wall Street analysts consensus EPS estimates of $0.45.

Net revenue in the period was $13.48 billion from $13.89 billion last year. This missed Wall Street consensus revenue estimates of $13.53 billion by a slight margin.

Looking ahead to the fiscal first-quarter, Intel said that it sees revenue of $12.7 billion, plus or minus $500 million. This compares to current consensus of $12.92 billion.

In the wake of the strong earnings results, light fourth quarter revenue and light first quarter revenue outlook, Intel shares were trading down around 1.28 percent in Thursday's after hours. Initially, the stock traded slightly higher in the late session.

During the regular trading day, Intel rose 2.58 percent and closed near the highs of the session. The stock has climbed better than 10 percent over the last month but is down almost 11 percent over the last six months. Intel closed the day with a market capitalization of just under $113 billion.

Posted-In: Earnings News Guidance After-Hours Center Movers Tech Best of Benzinga

 

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