Intel’s stock jumps 5% on stronger-than-expected earnings.

Chipmaker Intel Corp. saw its shares gain more than 5% in after-hours trading shortly after it posted solid fourth-quarter financial results that beat expectations on both profit and revenue.

The company reported earnings before certain costs such as stock compensation of $1.52 per share on revenue of $20.2 billion, up 8% year-over-year. That was far better than what most analysts were hoping for, with Wall Street having forecast earnings of just $1.25 per share on revenue of $19.23 billion.

Intel also posted an all-time revenue record of $72 billion for the full year, up 2% from 12 months ago. The chipmaker said the past year’s growth was driven by its “data centric” businesses, which include the Data Center Group, IoT Group, Mobileye, the Programmable Solutions Group and the Volatile Memory Solutions Group — pretty much everything that isn’t personal computers, in fact.




By Mike Wheatley.
Full story at Silicon Angle.