Intel (INTC) Sees Q3 Profit, Sales Slip on Slowing PC Demand, Inventory Reductions
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Wall Street Digests Intel's (INTC) Q3 Results and is Not Impressed
October 17, 2012 10:58 AM EDTShare of Intel (NASDAQ: INTC) are down 2.7 percent intra-day Wednesday following third quarter results and lackluster guidance after the close. Analysts across Wall Street have digested the results, asked questions on the conference call and are now commenting on the results.
Canaccord Genuity - "We reiterate our HOLD rating on shares of Intel as we expect weak demand for PCs to continue to weigh on margins in the form of depressed factory utilization and product mix. Sell-through of emerging Win8 devices is likely to see mixed results as untested... More
UPDATE: Intel (INTC) Tops Q3 EPS by 10c; Guides Q4 Sales
October 16, 2012 4:01 PM EDT(Updated - October 16, 2012 4:04 PM EDT)
Intel (NASDAQ: INTC) reported Q3 EPS of $0.60, $0.10 better than the analyst estimate of $0.50. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.23 billion.
Intel sees Q4 revenues of $13.1-$14.1 billion, versus the consensus of... More
