The financial performance of Intel Corporation (INTC) has shown significant development. In the fourth quarter, the earnings reached $2.7 billion, a considerable rise from the deficit of $0.7 billion in the same period the previous year. The earnings per share (EPS) rose to $0.63 in the last quarter, compared to a negative $0.16 last year in the corresponding period.
Stripping away extra items, Intel Corporation reported adjusted earnings of $2.3 billion or $0.54 per share for the period. This surpassed the analysts' projection of $0.45 per share.
As for revenue, it amounted to $15.4 billion in the recent fourth quarter against $14.0 billion in the same period the year before.
In terms of guidance for the next quarter, Intel has provided an EPS guidance of $0.13 and revenue guidance of between $12.2 and $13.2 billion.
