Intel reported solid earnings today with Q4 EPS beating estimates by $0.11 and revenue of $14.91B up 1.3% year-over-year.
“Our results for the fourth quarter marked a strong finish to the year and were consistent with expectations,” said Brian Krzanich, Intel CEO. “Our 2015 results demonstrate that Intel is evolving and our strategy is working. This year, we’ll continue to drive growth by powering the infrastructure for an increasingly smart and connected world.”
For those of you who don’t want to read the press release here are some numbers..
Client Computing Group revenue down 8 percent..Data Center Group revenue up 11 percent..Internet of Things Group revenue up 7 percent..Software and services operating segments revenue down 2 percent…and Non-Volatile Memory Solution Group revenue up 21 percent from 2014.
$INTC now down nearly 5.5% in after hours trading, completely erasing any gains made during today’s session.
Here is the full press release.
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Too bad they didn’t secure more contracts for mobile and iPad etc. It’s almost like they have dumb execs that were brought in for their experience that didn’t know shit about trends and just try to milk corporations for desktops.
Glad I didn’t buy this pre-earnings. Curzio was hyping it yesterday, saying he was going to take a position after seeing their CES presentation.