Intel books Q4 2009 profit of $2.3 billion

Posted on Thursday, January 14 2010 @ 23:33 CET by Thomas De Maesschalck
Intel announced its fourth quarter 2009 results and the numbers are better than expected. The chip giant recorded a net income of $2.3 billion on a revenue of $10.6 billion. Earnings per share were 40 cents, significantly better than the average analyst expectation of 31 cents. For the current quarter the company expects a revenue of $9.7 billion, plus or minus $400 million, versus analyst expectations of $9.35 billion.
Intel Corporation today reported fourth-quarter revenue of $10.6 billion. The company reported operating income of $2.5 billion, net income of $2.3 billion and EPS of 40 cents.

For 2009 Intel posted revenue of $35.1 billion. The company reported full-year operating income of $5.7 billion, net income of $4.4 billion and EPS of 77 cents. The company generated more than $11 billion in cash from operations and paid cash dividends of $3.1 billion.

“Intel's strong 2009 results reflect our investment in industry-leading manufacturing and product innovation,” said Paul Otellini, Intel president and CEO. “This strategy has enabled us to generate unprecedented operating efficiencies while growing our traditional businesses and creating exciting new market opportunities, even in difficult economic times. Our ability to weather this business cycle demonstrates that microprocessors are indispensable in our modern world. Looking forward, we plan to deliver the benefits of computing to an expanding set of products, markets and customers.”
More details can be found over here. Intel's shares are up 1.07 percent to $21.68 in after-hours trading.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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