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00:03Intel Corp. reported fourth-quarter adjusted earnings of 15 cents per share
00:06on revenue of $13.67 billion after the market closed Thursday,
00:12topping estimates of $0.08 per share and $13.37 billion, according to Benzinga.
00:18Revenue fell 4% year-over-year.
00:20Client computing group revenue declined 7% to $8.2 billion,
00:25while data center and AI revenue rose 9% to $4.7 billion.
00:30Intel generated $4.3 billion in operating cash flow
00:34and ended the quarter with $14.27 billion in cash.
00:39Intel CEO Lip Bhutan said the company strengthened its belief
00:44in the importance of CPUs in the AI era,
00:46while delivering a solid year-end performance
00:48and advancing its efforts to rebuild Intel.
00:51The company guided first-quarter revenue of $11.7 billion
00:55to $12.7 billion and break-even adjusted earnings.
00:58Shares fell 5.74% in after-hours trading.
01:03For all things money, visit Benzinga.com.
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