Intel INTC , the world's largest chipmaker, exceeded analysts' fourth-quarter earnings estimates but issued guidance for the first quarter and full year 2013 below Wall Street views. Intel reported fourth-quarter earnings of 48 cents a share on revenue of $13.5 billion. Gross margins came in at 58%, 100 basis points better than the company was expecting. Analysts expected Intel to report fourth-quarter earnings of 45 cents a share on $13.53 billion in revenue. Intel said it expects first-quarter revenue of $12.7 billion, plus or minus $500 million. Gross margin is expected to be 58%, plus or minus a few hundred basis points. Analysts expect earnings of 39 cents a share on sales of $12.9 billion. Intel's Q4 Gives Wall Street Indigestion
Morgan Stanley MS is expected by analysts Friday to post fourth-quarter earnings of 27 cents a share on revenue of $7.02 billion. Morgan Stanley, Some Regional Banks Could Soar in 2013
AT&T T said Thursday it would record a $10 billion fourth-quarter charge related to its pension and benefit plans. The telecommunications giant also warned that high smartphone subsidies will put pressure on its fourth-quarter profit. "Due to the high subsidies on these devices, we expect a near-term pressure on operating income, margins, and earnings per share in the fourth quarter of 2012," AT&T said, in an 8-K filing with the Securities and Exchange Commission. AT&T is scheduled to report fourth-quarter results next Thursday. AT&T Shares Slip on $10B Charge
American Express AXP posted a 47% decline in fourth-quarter net income, as the credit card issuer incurred charges related to restructuring costs and other expenses. Adjusted earnings of $1.09 a share topped Wall Street estimates.
Johnson Controls JCI is expected by analysts to report fiscal first-quarter earnings of 51 cents a share on revenue of $10.25 billion.
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.