HALISTER: Intel 3Q Rev. View Midpoint Tops Est.; 2Q Adj. EPS Beats

Intel 3Q Rev. View Midpoint Tops Est.; 2Q Adj. EPS Beats

(Bloomberg) -- Intel sees 3Q rev. $14.9b plus or minus $500m vs est. $14.6b; sees 3Q adj. gross margin 62% plus or minus a couple of points vs est. 61.7%.
  • 2Q adj. EPS 59c vs est. 54c
  • 2Q rev. $13.5b vs est. $13.5b
  • 2Q gross margin 61.8% vs est. 61.1%
  • Reaffirms yr rev., capex forecast
  • Says restructuring on track, remains cautious on PC market; forecasting growth in 2016 from strength in data center, IoT and programmable solutions
  • Client Computing rev. $7.3b; Data Center Group rev. $4.0b
  • INTC down 3% post-market
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  • Call 5:30pm, 877-303-7005 pw 26008596
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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INTC US (Intel Corp)

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