Intel (INTC) Reports In-Line Q2 EPS of 39c; Guides Q3 Revs, Cuts FY13 Outlook
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Intel (INTC) Q2 & Outlook Just Misses Street, But 5% Sell-Off a Surprise - FBR
July 18, 2013 7:27 AM EDTFBR 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
