SANTA CLARA, Calif. (AP) _ Intel Corp. (INTC) on Thursday reported fourth-quarter earnings of $5.86 billion.

On a per-share basis, the Santa Clara, California-based company said it had profit of $1.42. Earnings, adjusted for one-time gains and costs, came to $1.52 per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The world's largest chipmaker posted revenue of $19.98 billion in the period, also topping Street forecasts. Ten analysts surveyed by Zacks expected $17.47 billion.

For the year, the company reported profit of $20.9 billion, or $4.94 per share. Revenue was reported as $77.87 billion.

Intel shares have climbed 23% since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 3%. In the final minutes of trading on Thursday, shares hit $61.31, a rise of slightly more than 1% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INTC at https://www.zacks.com/ap/INTC

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