Here is another positive note:
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SAN FRANCISCO (MarketWatch) -- Intel Corp., grappling with a PC industry in transition, is scheduled to report its fiscal second-quarter results after the close of trading Tuesday. Here's what you should expect.
Earnings: Analysts surveyed by FactSet estimate that Intel (INTC) will earn 52 cents a share, up from 39 cents a share in the same period a year ago.
Revenue: Intel is forecast to report revenue for the quarter, which ended in June, of $13.7 billion, compared with $12.8 billion a year ago. The company itself has forecast revenue in a range of $12.5 billion to $13.5 billion.
Stock performance: In terms of its stock price, 2014 has been a good year for Intel. The company's shares reached a 52-week-high of $31.58 on Monday, and are up about 21.5% for the year.
Other matters: Technology research firm Gartner Inc. said last week that the PC market, which remains Intel's bread and butter, showed slight growth in the second quarter, putting an end to two years of declines. Any gains in overall PC sales should give Intel some reason to feel good about its prospects.
Analyst Doug Freeman, of RBC Capital Markets, said he is looking for "strong September quarter" guidance from Intel, which may still end up being below its historically seasonal rates.
"At this point, we consider Intel to be a company in transition as focus of growing into new markets likely proves to be mission critical," Freedman said.
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