Intel (INTC) Beats Q4 Earnings Estimates on Higher Revenues

Intel Corporation (INTC) reported better-than-expected fourth-quarter 2023 results, largely due to strong operating leverage, expense discipline and significant traction from its IDM 2.0 (integrated device manufacturing) strategy.Net IncomeThe company reported GAAP earnings of $2,669 million or 63 cents per share against a loss of $664 million or a loss of 16 cents per share in the year-ago quarter. The significant improvement was primarily attributable to higher revenues and lower operating expenses.Non-GA ...