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Intel 4Q profit down, beats Street

Published on NewsOK Modified: January 17, 2013 at 5:07 pm •  Published: January 17, 2013
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Intel had warned that the fourth quarter would be lackluster, and that the usual holiday bounce in PC shipments would be cut in half, even though Microsoft launched its new operating system, Windows 8, in the quarter.

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.