Intel: Fourth Quarter Financial Overview

Intel Reports Fourth Quarter Financial Results

Intel Corporation, headquartered in Santa Clara, California, announced a net loss of $591 million for the fourth quarter.

On a per-share basis, the company recorded a loss of 12 cents. After accounting for special items, adjusted earnings were 15 cents per share.

These adjusted earnings surpassed analysts’ expectations, as a consensus of 16 experts polled by Zacks Investment Research had predicted earnings of 8 cents per share.

Intel, the leading global producer of semiconductors, generated $13.67 billion in revenue during the quarter, outperforming the $13.37 billion forecasted by 14 Zacks analysts.

For the full year, Intel reported a total loss of $267 million, or 6 cents per share, with annual revenue reaching $52.85 billion.

Looking ahead, Intel projects first-quarter revenue to fall between $11.7 billion and $12.7 billion.

Financial data sourced from Zacks Investment Research.