SANTA CLARA (dpa-AFX) - Intel Corp. (INTC) reported that its fourth-quarter net income was $2.5 billion or $0.48 per share, compared to $3.4 billion or $0.64 per share in the comparable quarter last year.
Non-GAAP net income for the quarter was $2.6 billion or $0.51 per share, down from $3.5 billion or $0.67 per share last year. On average, forty one analysts polled by Thomson Reuters expected the company to report earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter declined to $13.48 billion from $13.89 billion in the prior year quarter, while forty analysts had consensus revenue estimate of $13.53 billion for the quarter.
For the first-quarter, the company expects revenue of $12.7 billion, plus or minus $500 million. Thirty nine analysts have consensus revenue estimate of $12.92 billion for the first quarter.
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