Intel Stock Climbs On Better-Than-Expected Q4 Report: Details

Intel Corp. INTC reported its fourth-quarter financial results after Thursday's closing bell. Here's a look at the key figures from the quarter. 

The Details: Intel reported quarterly earnings of 13 per share, which beat the analyst consensus estimate of 12 cents. Quarterly revenue clocked in at $14.3 billion, which beat the analyst consensus estimate of $13.81 billion and is a decrease from revenue of $15.4 billion from the same period last year.

• Intel reported Client Computing Group (CCG) revenue of $8 billion, down 9%.
• Data Center and AI (DCAI) revenue of $3.4 billion, down 3%.
• Network and Edge (NEX) revenue of $1.6 billion, up 10%.
• Intel Foundry revenue of $4.5 billion, down 13%.

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“The fourth quarter was a positive step forward as we delivered revenue, gross margin and EPS above our guidance,” said Michelle Johnston Holthaus, interim co-CEO of Intel and CEO of Intel Products.

“Our renewed focus on strengthening and simplifying our product portfolio, combined with continued progress on our process roadmap, is positioning us to better serve the needs of our customers,” Holthaus added.

“The cost reduction plan we announced last year to improve the trajectory of the company is having an impact,” said David Zinsner, interim co-CEO and CFO of Intel.

“We are fostering a culture of efficiency across the business while driving toward greater returns on our invested capital and improved profitability,” Zinsner added.

Outlook: Intel sees first-quarter revenue in a range of $11.7 billion to $12.7 billion, versus the $12.87 billion estimate, and earnings of 0 cents per share, versus the 9 cent estimate.

INTC Price Action: According to data from Benzinga Pro, Intel shares are down 0.42% after hours at $21.10 Thursday.  

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• Microsoft Shares Slide After Q2 Results, Cloud Revenue Misses Expectations: Details 

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