Intel reported quarterly earnings and revenue that handily beat analysts' expectations on Thursday. The company also issued first-quarter guidance that was light of Street expectations, sending shares down more than 2 percent in after-hours trading.
Intel reported earnings of 74 cents per share on $14.72 billion in revenue.
Analysts were expecting chipmaker Intel to report quarterly earnings per share of 66 cents on $14.71 billion in revenue, according to a consensus estimate from Thompson Reuters.
"The fourth quarter was a strong finish to a record year," said Intel CEO Brian Krzanich. "We met or exceeded several important goals: reinvigorated the PC business, grew the data center business, established a footprint in tablets, and drove growth and innovation in new areas."
For 2015, he says the company will focus on improving profitability in mobile and working toward the next wave of computing.