News Summary: Intel posts lower 4Q earnings
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Source: Business News
Originally published: Jan 17, 2013 - 4:31 pm
Originally published: Jan 17, 2013 - 4:31 pm
(AP) - CHIPS ARE DOWN: Intel's sales are shrinking slowly, as consumers shift from PCs, to smartphones and tablets. The company is trying to follow the shift by getting its chips into more hand-held gadgets.
INTEL INSIDE: Intel earned $2.47 billion, or 48 cents per share, in the fourth quarter. That was down 27 percent from last year, but analysts expected 45 cents per share. Revenue fell 3 percent to $13.5 billion.
REBOOT?: Intel expects revenue growth to revive this year, rising by a low single-digit percentage.
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