Intel Rising: Q4 Beats, Q1 Rev View in Line

Intel (INTC) this afternoon reported Q4 revenue and profit ahead of analysts’ expectations.

Revenue in the three months ended in December rose to $13.9 billion, yielding EPS of 64 cents.

Analysts had been modeling $13.74 billion and 61 cents per share.

Intel’s gross profit as a percentage of revenue rose by a little less than a point, year over year, to 65.5%, on a non-GAAP basis. On a GAAP basis, gross margin was down a fraction of a point, at 64.5%.

Intel’s revenue from its PC Client group sales of microprocessors rose 17%, to $9 billion. Sales from the Data Center Group chip products was up 8%, year over year, at $2.7 billion. The category of “other” revenue was up 35%.

Revenue from Intel’s “Atom” line of processors for phones and tablets fell 57%, to $167 million.

For the current quarter, the company sees revenue in a range of $12.3 billion to $13.3 billion, which, at the mid-point of $12.8 billion, was in line with consensus. The company projects gross profit will be in a range of 61% to 65% on a GAAP basis and 62% to 66%, non-GAAP.

Intel shares are up 17 cents, or 0.7%, at $25.80 down 3 cents at $25.60 in late trading.

Intel’s conference call with analysts gets underway this afternoon at 5:30 pm, Eastern time, and you can catch the webcast of it here.