Intel (NASDAQ:INTC)revealed net income for the fourth quarter of $ 3.56 billion or 73 cents per share, compared to income of $ 3.61 billion or 74 cents per share, in the year-ago period.
On net income basis, Intel reported $ 3.87 billion or 79 cents per share.
Revenue reached $ 16.37 billion, rose 9.79% from $ 14.91 billion a year ago.
Analysts polled by Thomson Reuters had expected net income of $ 0.75 a share on Revenue of $ 15.75 billion.
Brian Krzanich, Intel CEO, said, that the fourth quarter was a terrific finish to a record-setting and transformative year for Intel. In 2016, we took important steps to accelerate our strategy and refocus our resources while also launching exciting new products, successfully integrating Altera, and investing in growth opportunities.
Intel expects, full year 2017, Non-GAAP diluted earnings per share of $2.80, at the same time, 1Q17 Non-GAAP diluted earnings per share of $0.65 from the revenue of $14.8 billion.
Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Software and Services, and All Other segments. The companys platforms are used in various computing applications comprising notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, wireless and wired connectivity products, wearables, retail devices, and manufacturing devices, as well as for retail, transportation, industrial, buildings, home use, and other market segments.
It offers microprocessors that processes system data and controls other devices in the system; chipsets, which send data between the microprocessor and input, display, and storage devices, such as keyboard, mouse, monitor, hard drive or solid-state drive, and optical disc drives; and system-on-chip products that integrate its central processing units with other system components onto a single chip.