Intel Corp. (NASDAQ: INTC) reported fourth quarter and full year earnings after markets closed today. The chip-making giant beat EPS and revenue estimates all around.
For the quarter, Intel reported EPS of $0.64 on revenue of $13.9 billion, compared with a consensus EPS estimate of $0.61 and a revenue estimate of $13.72 billion. For the full year, Intel posted EPS of $2.39 on revenue of $54 billion. The consensus estimate called for EPS of $2.37 and revenue of $53.84 billion.
In 2011, Intel generated about $21 billion in cash from operations, paid dividends of $4.1 billion and used $14.1 billion to repurchase 642 million shares of stock.
Gross margins for the year slipped -1.9% on a non-GAAP basis and -2.8% on a GAAP basis. For the quarter, gross margins were 65.5%, up 0.7%, on a non-GAAP basis and 64.5% on a GAAP basis, down -0.1%.
In its outlook for next quarter, Intel expects revenue of $12.8 billion, in line with the current analysts’ estimate. The company expects GAAP gross margin of 63%, and 64% on a non-GAAP basis. The company didn’t provide a capital spending figure for the first quarter of 2012.
For the full fiscal year 2012, Intel forecasts gross margins of 64% on a GAAP basis and 65% on a non-GAAP basis. Capital spending is expected to total $12.5 billion, and the company did not provide a revenue estimate for the year. The current analysts’ estimate for 2012 revenue is $55.08 billion.
Intel’s shares are trading up about 1.25% in after-hours trading, at $25.95 in a 52-week range of $19.16-$25.92. If the share price holds, Intel is on its way to a new 52-week high.
Paul Ausick
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
