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Intel beats by $0.11, reports revs in-line; guides Q1 revs in-line; updates FY16 guidance to include Altera
* Reports Q4 (Dec) earnings of $0.74 per share, $0.11 better than the Capital IQ Consensus of $0.63; revenues rose 1.3% year/year to $14.91 bln vs the $14.8 bln Capital IQ Consensus.
- Client Computing Group revenue of $32.2 billion, down 8 percent from 2014. • Data Center Group revenue of $16.0 billion, up 11 percent from 2014. • Internet of Things Group revenue of $2.3 billion, up 7 percent from 2014.
- Gross margin 64.3% vs. 62% guidance
* Co issues in-line guidance for Q1, sees Q1 revs of $13.6-14.6 bln vs. $13.89 bln Capital IQ Consensus; gross margin 62% (+/- 2%).
* Co raises FY16 revs to mid to high single digits from mid single digit growth (consensus +5.6%) after completing ALtera acquisition; sees non-GAAP gross margin 63% (+/- 2%) from 62% before Altera; lowers cap-ex to $9-10 bln from $9.5-10.5 bln.