Intel (INTC) reported 4th Quarter December 2016 earnings of $0.79 per share on revenue of $16.4 billion. The consensus earnings estimate was $0.75 per share on revenue of $15.7 billion. The Earnings Whisper number was $0.78 per share. Revenue grew 9.8% on a year-over-year basis.
The company said it expects first quarter earnings of $0.51 to $0.61 per share on revenue of $14.3 billion to $15.3 billion and 2017 earnings of $2.66 to $2.94 per share on revenue of approximately $59.4 billion. The current consensus earnings estimate is $0.62 per share on revenue of $14.52 billion for the quarter ending March 31, 2017 and $2.83 per share on revenue of $61.13 billion for the year ending December 31, 2017.
Intel Corporation is a semiconductor chip maker. It develops integrated digital technology products like integrated circuits, for industries such as computing and communications.
Intel Reports Record Full-Year Revenue of $59.4 Billion;
Reports Record Quarterly Revenue of $16.4 Billion
- Revenue growth in 2016 driven by strength across the business including full-year revenue growth in Client
Computing, Data Center, and Internet of Things
- Record annual cash flow from operations of $21.8 billion
- Solid earnings with GAAP net income of $10.3 billion; non-GAAP net income of $13.2 billion
SANTA CLARA, Calif., January 26, 2017 -- Intel Corporation today reported full-year revenue of $59.4 billion,
operating income of $12.9 billion, net income of $10.3 billion and EPS of $2.12. Intel reported non-GAAP revenue of
$59.5 billion, operating income of $16.5 billion, net income of $13.2 billion, and EPS of $2.72. The company
generated approximately $21.8 billion in cash from operations, paid dividends of $4.9 billion and used $2.6 billion to
repurchase 81 million shares of stock.
For the fourth quarter, Intel posted revenue of $16.4 billion, operating income of $4.5 billion, net income of
$3.6 billion and EPS of 73 cents. Intel reported non-GAAP operating income of $4.9 billion, net income of $3.9
billion, and EPS of 79 cents. The company generated approximately $8.2 billion in cash from operations, paid
dividends of $1.2 billion, and used $533 million to repurchase 15 million shares of stock.
“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,” said Brian Krzanich, Intel CEO. “I’m pleased
with our 2016 performance and confident in our future.”
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