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- Company News: Intel (INTC) reported better than expected fourth quarter profits
Company News: Intel (INTC) reported better than expected fourth quarter profits
Intel (INTC) earned $0.74 per share in the fourth quarter, beating analysts' estimate of $0.66. Revenue in the fourth quarter increased 6.4% year-over-year to $14.72 billion, beating analysts' estimate of $14.71 billion.
Revenue per business segment:
PC Client Group: $8.9 billion (+3% y/y);
Data Center Group: $4.1 billion (+25%);
Internet of Things Group: $591 million (+10% y/y);
Software and services operating segments: $557 million (-6% y/y).
The company forecast first-quarter revenue of $13.2-$14.2 billion (analysts' estimate: $13.77 billion). Intel (INTC) expect that its revenue will increase 5% (analysts' estimate: +4%) in the full fiscal year 2015.
Intel (INTC) shares decreased to $36.20 (-0.11%) prior to the opening bell.
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