Intel Fourth Quarter Earnings – Record Revenue and a Solid Beat on Almost All Metrics
https://wccftech.com/intel-fourth-quarter-earnings-record-revenue-and-a-solid-beat-on-almost-all-metrics/
Intel (NASDAQ:INTC) reported solid growth numbers for the fourth quarter of 2019 punctuated by record revenue and a beat on almost all metrics.
Intel earned a revenue of $20.2 billion in the fourth quarter, thereby, marking an increase of 8 percent relative to the comparable quarter last year. The reported metric also exceeded the consensus revenue estimate of $19.23 billion. Notably, Intel's revenue for the full year of 2019 came at an all-time high of $72 billion – an increase of 2 percent from 2018 – largely on the back of data-centric growth and soaring desktop volumes.