Intel 4Q profit down, beats Street
Published: January 17, 2013
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FILE - In this Monday, Jan. 7, 2013, file photo, a man walks past the Intel booth at the International Consumer Electronics Show in Las Vegas.. Intel Corp., the world's largest chipmaker, on Thursday, Jan. 17, 2013, said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken. (AP Photo/Jae C. Hong, File)
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The Santa Clara, Calif., company expects about $12.7 billion in first-quarter revenue, below the analyst forecast of $12.9 billion but in line with usual seasonal variations.
For the full year, Intel is forecasting a revenue percentage increase in the low single digits, in line with Wall Street's 2 percent expectation.
Intel shares fell $1, or 4.4 percent, to $21.68 in afterhours trading, after the release of the results. That more than wiped out the day's gain of 57 cents in regular trading.
For the full year, Intel earned $11 billion on $53.3 billion in revenue. Both figures were down slightly from the year before, when it earned $12.9 billion on $54 billion in revenue.
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