Intel (INTC) Reports In-Line Q2 EPS of 39c; Guides Q3 Revs, Cuts FY13 Outlook

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/21/2026

1. SPCX
2. NVDA
3. NFLX
4. ISRG
5. META
6. TSLA
7. RTX
8. SMCI
9. GOOGL
10. S

Go back to Intel (INTC) Reports In-Line Q2 EPS of 39c; Guides Q3 Revs, Cuts FY13 Outlook

Intel (INTC) Q2 & Outlook Just Misses Street, But 5% Sell-Off a Surprise - FBR

July 18, 2013 7:27 AM EDT

FBR Capital analyst Christopher Rolland reiterated an Outperform rating and $28 price target on Intel (NASDAQ: INTC) following Q2 results and Q3 guidance slightly below the Street. Management also lowered 2013 revenue guidance from low single digits to flat year over year (though the Street was already estimating approximately flat) and gross margins from 60% to 59%, the analyst noted.

"... given worsening investor expectations and sentiment into quarter-end, we were... More