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Intel beats the Street
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January 15, 2002: 4:22 p.m. ET
Chip leader exceeds estimates by 4 cents per share on stronger sales.
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NEW YORK (CNN/Money) - Boosted by strong demand for its high-end PC microprocessors, Intel on Tuesday reported a fourth-quarter profit of 15 cents per share, exceeding Wall Street's recently raised expectations.
After Intel (INTC: down $0.16 to $34.68, Research, Estimates), the world's largest supplier of PC processors, upped its sales targets last month, analysts had been expecting the company to report a profit of 11 cents per share.
The company's revenue for the quarter came in at $7 billion, which is above the range of $6.7 billion to $6.9 billion executives had told the Street to expect. 
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