Intel Corporation (NASDAQ:INTC) Earnings Estimates
Intel Corporation (NASDAQ:INTC) will report its second quarter results on Wednesday. Sales have seen a sharp decline amid the global shift in consumer spending from PCs to tablets and smart phones. According to data from research firms Gartner and IDC, worldwide shipments of personal computers fell 11 percent in the April-June period. Analysts are projecting earnings of 39 cents per share on $12.9 billion in revenue. In the year-ago period, Intel earned 54 cents per share, while sales were $13.5 billion. Quarterly results are usually accompanied by a revenue forecast for the new quarter. Wall Street is expecting $13.7 billion for the quarter ending in September.
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