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Intel: EPS more than triples in Q4

( - Intel reports adjusted EPS (non-GAAP) of $0.
54 for Q4 2023, compared with $0.15 a year earlier, as well as an adjusted operating margin that improved by 12.4 points to 16.7%.

The microprocessor manufacturer posted 10% sales growth to $15.4bn, with growth particularly driven by its Client Computing Group (CCG) division, whose revenues climbed by a third.

It continued to improve its operational efficiency and comfortably met its commitment to achieve $3bn in cost savings by 2023, CFO David Zinsner said.

Having thus exceeded expectations for the fourth consecutive quarter, Intel now expects adjusted EPS of $0.13 and sales of $12.2bn to $13.2bn for Q1 2024.

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