Intel (Attractive*), the world’s largest chipmaker, reported Q4 net income of $2.63bn or 51 cents a share, a 6.4% gain year-on-year, on a slight improvement in the PC market. Sales climbed 2.6% to $13.8bn. Analysts on average had estimated earnings of 52 cents on sales of $13.7bn. Shares fell about 3% after the market’s close, following Intel’s rather cautious outlook.
Intel forecast Q1 revenue that may fall short of estimates as corporate demand fails to reignite personal-computer sales. Revenue should be $12.3-13.3bn.