Intel Q4 results beat estimates, but softer guidance weighs

Investing.com -- Intel reported Thursday weaker than expected guidance for the current quarter that overshadowed fourth-quarter results that beat Wall Street estimates on both the top and bottom lines.

Intel Corporation (NASDAQ:INTC) fell 6% in afterhours trading. 

Intel reported adjusted earnings per share of $0.54 on revenue of $15.4 billion. Analysts polled by Investing.com anticipated EPS of $0.45 on revenue of $15.16 billion.

The beat on the top and bottom lines comes as the strength in the company's client computing group business helped offset weaker in its data center and AI segment. 

Client Computing Group, which mainly consists of the company's PC processor and related component business, saw revenue jump 33% to $8.8B in the quarter from a year earlier amid a pick up in demand for personal computers.

Data center and AI revenue fell 10% to $4B in Q4 from a year earlier. 

Looking ahead to Q1, the chipmaker forecasts adjusted EPS of $0.13 on revenue between $12.2B and $13.2B, compared with estimates for EPS of $0.35 on revenue of $14.31B.

 notebook volumes due to "industry-wide component shortages, and on lower adjacent revenue, partially offset by higher average selling prices and strength in desktop," the company said.