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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Intel Earnings Increase 6% 0 comments
    Jan 21, 2014 11:19 AM | about stocks: INTC

    Originally published at www.seclive.com

    Filing in Focus: Intel 8-K, January 16, 2014

    Intel Corporation (NASDAQ:INTC) announced its financial results for the fourth quarter and full fiscal year 2013, reporting a quarterly earnings increase of 6%. The Silicon Valley-based tech chip giant reported earnings of $2.6B and $0.51 per share, up from $2.5B and $0.48 per share in the year-ago quarter. Annual earnings declined 13% from $11.0B and $2.13 per share to $9.6B and $1.89 per share. The company's gross margin improved four points from 58.0% to 62.0% during the quarter while its annual gross margin declined from 62.1% to 59.8%. Intel is forecasting $12.8B revenue in first quarter, a 7% decline from fourth quarter that it attributes to seasonal demand. CEO Brian Krzanich commented that the company executed several transitions smoothly during the year and are bringing new products online at a more rapid rate.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: INTC
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