Intel Beats Q4 Earnings Estimates

Intel Corporation (NASDAQ: INTC) shares rose early Friday afternoon as the company reported a big Q4 earnings beat.

The company known colloquially as “Mr. Chips” reported Earnings per Share, excluding certain items of $1.08 vs. $0.86 as expected by analysts. Revenue showed up at $17.05 billion vs. $16.35 billion as expected by analysts.

The company's total revenue for the quarter was up 4% year over year. And for the full-year revenue came in at $62.8 billion, which was up 6%.

Intel's biggest segment, the Client Computing Group, brought in $9 billion, down 2% year over year, in the fourth quarter. But the second largest segment, the Data Center Group, grew 20%, with $5.6 billion in revenue. Both groups beat estimates, which were $8.73 billion from the former and $5.09 billion from the latter.

The company has faced pressure around its handling of the Meltdown and Spectre security vulnerabilities, which were disclosed on Jan. 3.

In terms of guidance, for the first quarter of 2018, Intel said it's expecting $0.70 per share, give or take five cents, excluding certain items, on $15 billion in revenue, give or take $500 million. Analysts were expecting $0.72 per share, excluding certain items, on $15.03 billion in revenue

The issues affect chips made by several companies, although the Meltdown issue has had an especially large impact on Intel's processors. On Wednesday, a House committee said it had sent letters to Intel CEO Brian Krzanich and other tech leaders to learn about why Intel and other companies had withheld information about the issues for months before publicly announcing them.

Shares in INTC bolted $4.29, or 9.5%, to $49.59.