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.