Intel 4Q Rev. Forecast Midpoint Trails Est.; Shares Down 3.4%
Source: BFW (Bloomberg First Word)
Tickers
INTC US (Intel Corp)
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UUID: 7947283
(Bloomberg) -- Intel sees 4Q rev. $15.2b-$16.2b vs est. $15.9b; sees 4Q adj. gross margin 63% +/- couple of percentage points vs est. 62.7%.
Alert: HALISTER- 3Q GAAP EPS 69c vs est. 67c
- 3Q rev. $15.8b vs est. $15.6b
- Client computing rev. $8.9b, up 5% y/y
- DCG rev. $4.5b, up 10% y/y
- 3Q adj. gross margin 64.8% vs est. 63.0%
- Reaffirms 2016 capex forecast
- Sees total restructuring and other charges $2.3b, with majority of remaining charges to be realized from now to middle of 2017; $1.8b in charges have been realized to date and another $250m expected in 4Q
- INTC down 3.4% post-market
- Call 5:00pm, 877-303-7005 pw 87237591
- Preview here
Source: BFW (Bloomberg First Word)
Tickers
INTC US (Intel Corp)
To de-activate this alert, click here
UUID: 7947283