Intel (INTC) Stock Falls on Earnings, Lower Guidance

Shares of Intel Corp. (INTC) were trading down -1.10 or -4.14 percent to $25.45 per share in pre-market trading on Friday after the company announced fourth quarter earnings, which came out on average in line with expectations. The company also revised its guidance for the yearâ s first quarter slightly below analyst expectations.

Intel stock closed down -0.13 or -0.49 percent to $26.54 per share in Thursdayâ s regular trading session.
Santa Clara, California based Intel Corporation is the worldâ s largest maker of semiconductor chips by revenue. Founded in 1968, the company owns a slew of important patents for microprocessors and processors used in most personal computers including the x86 microprocessor series and the Pentium processor. Intel invented the worldâ s first commercial microprocessor in 1971. Intel reported net income of $2.63 billion, or $0.51 per share for the fourth quarter, compared to $2.47 billion or $0.48 per share in the same quarter one year ago, an improvement of +6.4 percent. Revenue for the quarter came to $13.8 billion on operating income of $3.5 billion. Cash from operations came to $6.2 billion, paid out $1.1 billion in dividends and paid $528 million to repurchase 22 million shares of stock. For the entire year, Intel generated revenue of $52.7 billion, operating income of $12.3 billion, net income of $9.6 billion and total earnings per share of $1.89. For the year, the company generated approximately $20.9 billion in cash from operations, paid dividends of $4.5 billion, and paid $2.1 billion to buy back 94 million shares of its own stock. In the companyâ s press release, Intel CEO Brian Krzanich said that "We had a solid fourth quarter with signs of stabilization in the PC segment and financial growth from a year ago," he continued, â

Published on Jan 17, 2014
By Jay Hawk
Jay Hawk
Jay Hawk enjoyed a 12-year professional financial markets career incorporating extensive first hand futures and options experience obtained by trading in the stock, commodity and forex markets on U.S. exchanges. Since retiring as a full-time financial market professional, he has been actively trading stock, commodities, forex and options for his own account and managing funds for others, as well as writing financial market commentary and educational articles.

Copyrighted 2020. Content published with author's permission.

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