This page has been archived and commenting is disabled.
Intel Cuts Revenue Guidance For Q3, Withdraws Full Year Revenue, Gross Margin Guidance
When it comes to corporate cash flows, profitability and actual trade and product demand, central banks still appear to have little to very little ability to jawbone immediate results, as Fedex found out three days ago, and Intel has just confirmed.
- INTEL SEES 3Q REV $12.9B-$13.5B, SAW $13.8B-$14.8B, EST. $14.2B
- INTEL WITHDRAWS YEAR FORECASTS FOR GROSS MARGIN, REVENUE
Fear not: the ECB may still promise to bailout Intel revenues, if Intel only requests a bailout.
More from Business Wire:
Intel Corporation today announced that third-quarter revenue is expected to be below the company’s previous outlook as a result of weaker than expected demand in a challenging macroeconomic environment. The company now expects third-quarter revenue to be $13.2 billion, plus or minus $300 million, compared to the previous expectation of $13.8 billion to $14.8 billion.
Relative to the prior forecast, the company is seeing customers reducing inventory in the supply chain versus the normal growth in third-quarter inventory; softness in the enterprise PC market segment; and slowing emerging market demand. The data center business is meeting expectations.
The company’s expectation for third-quarter gross margin is now 62 percent, plus or minus one percentage point; lower than the previous expectation of 63 percent, plus or minus a couple of percentage points.
Expectations for R&D and MG&A spending and depreciation in the third quarter remain unchanged.
Full-year capital spending is expected to be below the low-end of the company’s previous outlook of $12.1 billion to 12.9 billion, as the company accelerates the re-use of existing equipment to the 14nm node.
The outlook for the third quarter does not include the effect of any acquisitions, divestitures or similar transactions that may be completed after Sept. 7. All other quarterly and full-year expectations have been withdrawn and will be updated with the company’s third-quarter earnings report on Oct. 16.
»
- 4093 reads
- Printer-friendly version
- Send to friend
- advertisements -
Now that was funny Tyler
More companies to follow suit. Revenues and wages matter, bitchez.
intc is smart. they know that nothing will effect the stock price negatively.... so go out .. Puke your guts out. Ben and his manipution machine have you covered. Brilliant if you ask me. It will have a fart half life in regards to the market.
Now that was funny Tyler.
Funny how?
http://www.youtube.com/watch?v=2lmvzTwgRsk
Short SMH
Short COPPER
SHORT NASDAQ
Dude....I can only do one thing at a time.
Pick one.
I don't mind paying extra for Intel but I wouldn't buy their stock.
but, but NASDAQ is at record high. who could have seen this coming?!?!
they will finish in the green today.. these arent the droids your looking for.. Move along.
It's started. Focus off Europe onto US.
Clearly bullish. Next stop S&P 1500
spy futures +20 in 5 , 4, 3 2..........
96 bullish!! qe talk in 1 minute.
told ya.. took bubble vision 45 seconds to mention qe3..
cash for clunker laptops?
Not to worry. The new QE will raise all P/E multiples! Who even needs earnings?
and 3 down revisions... shocker.
DOESNT MATTER WHAT THE PROFITS OR GUIDANCE ARE, ONLY MATTERS HOW MUCH MONEY THESE ASSHOLES WILL PRINT.
8,1 what bullshit. there she blows
Who needs computer chips to make money when you can channel stuff your own stores with yoga apparel to fake revenue gains.
See Intel needs their own stores. That's the problem. Just think how many computer chips the could "sell" if there were thousands of Intel stores owned by the company.
People all this noise, QE, Fiscal cliff, Europe,etc etc, its all noise. At the end of day, stocks move based on earnings. And IMO earnings have peaked and are now rolling over. Stocks will follow suit. But the decline will be blamed on Europe, or whatever bullshit media sees fit.
MARKET MAKES THE NEWS, NEWS DOES NOT MAKE THE MARKET
they lowered rev guidance by 1,1 BILLION dollars and the stock is down 1% pre-market? this is truly bizarro land "market"
That gives you plenty of time to get out. The market is holding up on inflation expectations (which the Fed says are contained, BTW). Now is a good time to idly watch and not have any active interest at all, or hold PM until the Central Bank endgame plays out.
Who knows, the time to pounce may be when the next round of easing is announced.
In 2000, the market topped in March but went sideways. When Intel issued downside guidance in late August, that "was all she wrote" and the market and economy began it's long decline.
Seems awful early in the quarter for such monster companies to be issuing earnings warnings. Where's Arthur Andersen when you need them?
PC business, dying right before our eyes.
Sorry, double post. LOLINTEL
14.8 billion was the goal, they made 12.9 billion. Intel didn't miss the estimate by 2 billion! They only missed it by 1.9 billion.BULLISH! BUY BUY BUY! MOOOOOOOOOOOOOOO!