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Tale of the Tape  

INTC Trims Target Further

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January 07, 2009 |Comments: 0
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INTC

Intel (INTC) released another revenue warning today in the face of waning consumer demand. The leading chip maker now expects fourth-quarter sales of $8.2 billion, which is down 23% year-over-year.

The company reduced its fourth quarter sales estimates twice over the last two months.

The Santa Clara-based company is expected to post fourth-quarter results on Jan 15. Analysts see profit of 22 cents in the latest quarter.

Shares are down more than 4%. Intel is a Zacks #5 Rank ("Strong Sell") company.

Read the full analyst report on INTC

 
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