Intel reported fourth
quarter sales of $13.5 billion, flat compared with the previous quarter
and down 1 percent from the year ago quarter. The company reported a net
income for the quarter of $2.5 billion, or 48 cents per share, down 22
percent from the previous quarter and down 14 percent compared to the
fourth quarter of 2012.
On a pro forma basis, excluding charges,
Intel reported a fourth quarter net income of $2.6 billion, or 51 cents
per share. Pro forma earnings per share came up short of analysts'
estimate of 64 cents per share, according to Yahoo Finance.
the full year 2012, Intel reported sales of $53.3 billion, down 1
percent from 2011. The company reported a net income for the year of $11
billion, or $2.13 per share, down 15 percent from 2011.
first quarter of 2013, Intel said it expects sales to be between $12.2
billion and $13.2 billion down 7 to 9 percent from the fourth quarter of
2012, in line with analysts' expectations, according to Yahoo Finance.
all of 2013, Intel expects revenue to increase over 2012 by a low
single-digit percentage. The company said it expects to spend $12.5
billion and $13.5 billion on capital spending.