Seeking Alpha
1
All posts from Seeking Alpha
Seeking Alpha in Seeking Alpha - Read, Decide, Invest.,

Intel Now Has Something To Prove

After the bell on Tuesday afternoon, we'll get an important earnings report from Intel (NASDAQ:INTC). Hopes for another strong year from the company were seemingly destroyed when management issued a Q1 revenue warning in early March. While that means we have a better idea of where things will land on Tuesday, there are still a number of key questions to be answered.

Intel blamed its lowered forecast on weaker than expected demand for business desktop PCs and lower than expected inventory levels across the PC supply chain. Management reduced the midpoint of its revenue forecast by $900 million to $12.8 billion. This has forced analysts to reduce their numbersfor multiple periods, as seen in the table below. Read more