Intel Q4 Profit Tops Estimate

(RTTNews) - Intel Corp. (INTC) reported net income of $3.7 billion or $0.74 per share, compared to $2.6 billion or $0.51 per share for the year-ago quarter.

Revenue for the fourth quarter rose 6% to $14.72 billion from $13.83 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to earn $0.66 per share on revenue of $14.70 billion for the fourth quarter.

Looking forward, the company forecasts first quarter revenue of $13.7 billion, plus or minus $500 million. Gross margin for the first quarter is expected to be 60%, plus or minus a couple of percentage points. Analysts currently expect the company to post revenue of $13.77 billion for the first quarter.

For the full year 2015, the company forecasts revenue growth in the mid-single digit percentage points and gross margin of 62%, plus or minus a couple of percentage points.