Intel Beats Estimates as Gross Margins Jump to 65%, Guides Higher (INTC)

1/14/2010-Intel (NASDAQ:INTC) reported Q4 EPS of $0.40, topping consensus estimates of $0.30.

Revenues in the quarter rose 28.4% year-over-year to $10.57 billion, and came in ahead of consensus estimates of $10.16 billion.

Meanwhile, the chip maker reported gross margins of 65%, vs. 57.6% reported in the sequential quarter and the company's expectations for gross margins of 62.2% issued in September.

The company said it sees Q1 revenues of $9.3 billion - $10.1 billion (vs. consensus estimates of $9.26 billion).

Intel also said it sees Q1 gross margins of 59%-63%. Meanwhile, Intel said it sees FY 2010 gross margin of 58% - 64%.

Check out our preview video with Christie Duffy from smarTrend news desk.