Intel’s Q4 Targets Exceeded, But Bleak Outlook Disappoints

Intel Beats Q4 Earnings Expectations but Forecasts Miss Estimates

Intel (INTC) surpassed Wall Street’s expectations for its fourth-quarter earnings, reporting adjusted earnings of 54 cents per share on sales of $15.41 billion. Analysts had predicted earnings of 45 cents per share on sales of $15.16 billion. This marks a significant improvement for the chipmaker, which had seen declining earnings and sales for the past eight and seven quarters, respectively.