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Intel 4Q earnings rise 6 percent, despite hard-drive shortages that crimp PC sales
NEW YORK (AP) ' Intel, the world's largest chip-maker, says is profit rose 6 percent in the latest quarter even as hard-drive shortages held back computer sales.
The world's largest chipmaker also provided a forecast for the new quarter that matched analyst expectations.
Fourth-quarter net income was $3.36 billion, or 64 cents per share, up from $3.18 billion, or 56 cents per share, a year earlier.
Excluding some one-time effects, earnings totaled 68 cents per share. Analysts polled by FactSet were expecting earnings of 61 per share on that basis.
Revenue rose 21 percent to $13.9 billion from $11.5 billion. Analysts were expecting $13.7 billion.
The Santa Clara, California, company says it expects between $12.3 billion and $13.3 billion in first-quarter revenue, straddling the analyst forecast of $12.8 billion.