Thursday, Intel Corp. (INTC) reported fourth-quarter net income of $2.3 billion or $0.40 per share, compared to net income of $234 million or $0.04 per share in the same quarter last year.
On a non-GAAP basis, net income was $3.1 billion or $0.55 per share, compared to net income of $844 million or $0.15 per share in the year ago quarter.
On average, 24 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $10.6 billion, up from $8.23 billion in the comparable quarter last year. Analysts expected the company to report revenue of $10.16 billion for the quarter.
Looking ahead to the first quarter, the company expects revenue of $9.7 billion, plus or minus $400 million. Analysts currently anticipate the company to earn revenue of $9.26 billion for the quarter.
Further for the first quarter, the company expects gross margin percentage of 61%, plus or minus 2 percentage points. R&D plus MG&A spending is expected to be approximately $3 billion.
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