Intel Q4 results beat estimates, but softer guidance weighs By Investing.com
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<p>Investing.com — Intel reported Thursday weaker than expected guidance for the current quarter that overshadowed fourth-quarter results that beat Wall Street estimates on both the top and bottom lines.</p>
<p>Intel Corporation (NASDAQ:) fell 6% in afterhours trading. </p>
<p>Intel adjusted earnings per share of $0.54 on revenue of $15.4 billion. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $15.16 billion.</p>
<p>The beat on the top and bottom lines comes as the strength in the company’s client computing group business helped offset weaker in its data center and AI segment. </p>
<p>Client Computing Group, which mainly consists of the company’s PC processor and related component business, saw revenue jump 33% to $8.8B in the quarter from a year earlier amid a pick up in demand for personal computers.</p>
<p>Data center and AI revenue fell 10% to $4B in Q4 from a year earlier. </p>
<p>Looking ahead to Q1, the chipmaker forecasts adjusted EPS of $0.13 on revenue between $12.2B and $13.2B, compared with estimates for EPS of $0.35 on revenue of $14.31B.</p>
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<p> notebook volumes due to “industry-wide component shortages, and on lower adjacent revenue, partially offset by higher average selling prices and strength in desktop,” the company said.</p>
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<br /><a href="https://www.investing.com/news/stock-market-news/intel-q4-results-beat-estimates-but-softer-guidance-weighs-3283455">Source link </a></p><p>The post <a href="https://forextraderhub.com/intel-q4-results-beat-estimates-but-softer-guidance-weighs-by-investing-com.html">Intel Q4 results beat estimates, but softer guidance weighs By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>
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