SANTA CLARA, Calif. (AP) _ Intel Corp. (INTC) on Wednesday reported fourth-quarter net income of $4.62 billion.

On a per-share basis, the Santa Clara, California-based company said it had net income of $1.13. Earnings, adjusted for non-recurring gains, were $1.09 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The world's largest chipmaker posted revenue of $20.53 billion in the period. Its adjusted revenue was $19.53 billion, also beating Street forecasts. Ten analysts surveyed by Zacks expected $18.3 billion.

For the year, the company reported profit of $19.87 billion, or $4.86 per share. Revenue was reported as $74.72 billion.

For the current quarter ending in April, Intel expects its per-share earnings to be 80 cents.

The company said it expects revenue in the range of $18.3 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $17.55 billion.

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