1/26, 10:07 PM (Source: TeleTrader)
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Intel: Revenue at $20.5 billion in Q4, up 3% YoY

Intel Corporation revealed on Wednesday that its revenue in the fourth fiscal quarter of 2021 reached $20.5 billion after growing by 3% from the same time span a year earlier. Earnings per share were down 21% year over year to $1.13 in the fourth three-month period with net income also falling 21% to $4.6 billion.

In full fiscal 2021, revenue was $79 billion, rising 1% from the prior year. Earnings per share decreased 2% to land at $4.86 and net income declined 5% to $19.9 billion.

"We exceeded top-line quarterly guidance by over $1 billion and delivered the best quarterly and full-year revenue in the company's history," Intel CEO Pat Gelsinger noted in a statement.

Company shares were 3% lower in late trading after the report was released.

Baha Breaking News (BBN) / MS