Intel 4Q net income rises 6 pct
Intel posts 6 pct rise in 4th-qtr net income, falls slightly short of Wall Street predictions
Associated Press
2014-01-17 06:01 AM

NEW YORK (AP) -- Intel's fourth-quarter net income rose 6 percent, as higher sales of other products offset flat demand for its personal computer chips.

The world's largest chipmaker earned $2.63 billion, or 51 cents per share, up from $2.47 billion, or 48 cents per share, in the same quarter of 2012. Revenue rose 3 percent to $13.83 billion.

Analysts polled by FactSet expected a profit of 52 cents per share on revenue of $13.72 billion.

Intel supplies chips for the majority of personal computer processors, so the consumer shift away from PCs --and toward tablets and smartphones-- continues to hurt sales. The company has tried to offset the decline with higher sales of chips for servers, phones and tablets.

Intel Corp. also issued a first-quarter revenue outlook roughly in line with analysts' predictions.

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