Intel books Q4 2009 profit of $2.3 billion

Intel announced its fourth quarter 2009 results and the numbers are better than expected. The chip giant recorded a net income of $2.3 billion on a revenue of $10.6 billion. Earnings per share were 40 cents, significantly better than the average analyst expectation of 31 cents. For the current quarter the company expects a revenue of $9.7 billion, plus or minus $400 million, versus analyst expectations of $9.35 billion.
Intel Corporation today reported fourth-quarter revenue of $10.6 billion. The company reported operating income of $2.5 billion, net income of $2.3 billion and EPS of 40 cents.

For 2009 Intel posted revenue of $35.1 billion. The company reported full-year operating income of $5.7 billion, net income of $4.4 billion and EPS of 77 cents. The company generated more than $11 billion in cash from operations and paid cash dividends of $3.1 billion.