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Intel (INTC) Beats Q4 Earnings and Revenue Estimates Behind Solid Data Centers Growth

Intel Corporation (INTC) just released its fourth-quarter fiscal 2016 earnings results, posting earnings of $0.79 per share and revenue of $16.374 billion.

INTC was up 2.08% to $38.34 in after-hours trading shortly after its earnings report was released.

Currently, INTC has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Intel:

Beat earnings estimates . The company posted earnings of 79 cents per share (excluding six cents from non-recurring items), beating our Zacks Consensus Estimate of 75 cents per share.

Beat revenue estimates . The company saw revenue figures of $16.374 billion, beating our estimate of $15.796 billion.

Client Computing Group revenue rose 4% to $9.1 billion, while Data Center Group revenue was up 8% to $4.7 billion.

For the 2017 fiscal year, Intel expects GAAP earnings per share of $2.53, total revenue to remain flat, and GAAP gross margin to come in 62%.

"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 CEO Brian Krzanich.

Here's a graph that looks at Intel's recent earnings performance:

Intel Corporation Price, Consensus and EPS Surprise

Intel Corporation Price, Consensus and EPS Surprise | Intel Corporation Quote

Intel Corporation is one of the world's largest semiconductor chip makers. The company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications.

Check back later for our full analysis onIntel's latest earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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