Intel announces record 2010 profit of $11.7 billion

by Hilbert Hagedoorn on: 01/14/2011 01:46 PM | source: | 0 comment(s)

Intel announced a record fourth-quarter profit of $3.4 billion, or 59 cents per share, on revenue of $11.5 billion. For the full year of 2010 the chip giant pulled in a profit of $11.7 billion, or $2.05 per share, on revenue of $43.6 billion. These figures exclude the EC fine and the settlement with AMD. CEO Paul Otellini says 2010 was a record year for Intel and he believes 2011 will be even better.

Analysts anticipated a fourth-quarter revenue of $11.36 billion and $0.53 earnings per share. Intel's stock (INTC) is up 2.72 percent in after-hours trading to $21.87. SANTA CLARA, Calif., Jan. 13, 2011

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