4:22 [INTC] Intel puts Q1 revs at $7.9bln to $8.5bln
4:21 [INTC] Intel Q4 revs $8.74bln vs $7.16bln
SAN FRANCISCO (CBS.MW) -- Intel reported fourth-quarter net income of $2.2 billion, or 33 cents a share, and revenue of $8.74 billion. Excluding an unexpected tax benefit of 6 cents a share, Intel earned 27 cents a share, two cents better than most analysts expected. Also, analysts expected sales of $8.64 billion, according to Reuters Research. For 2004, Intel set its capital spending budget between $3.6 billion and $4 billion.