Intel Sales On Track But Shares Dip
Intel CEO Brian Krzanich shows how many steps he took during a keynote address as tracked by a wearable processor called Curie, a prototype open source computer the size of a button that he unveiled at the 2015 International CES at The Venetian Las Vegas on Jan. 6, 2015, in Las Vegas.
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Chipmaker Intel posted fourth-quarter earnings per share Thursday that beat expectations.
Earnings per share of 74 cents surpassed estimates of 66 cents, according to S&P Capital IQ.
Its sales of $14.7 billion were in line with expectations and up 6% over the same period last year. However, Intel shares dipped 2% in after-hours trading after the company released its financials.
Its Thursday closing price was $36.19, down 0.4%.
Sales rose in the company’s largest segments — chips for PCs, data centers and Internet of Things products — but were down in mobile and software.
The chipmaker’s CEO Brian Krzanich promised to improve profitability in mobile.
The company reported record full-year revenue and fourth-quarter revenue, but tempered the first-quarter outlook with expected revenue of $13.7 billion. Analysts had estimated slightly higher sales of $13.8 billion, according to data compiled by Bloomberg.
