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Intel Q2 in Line, Q3 Rev View Light, By Tiernan Ray
Intel (INTC) this afternoon reported Q2 revenue in line with expectations and and earnings per share slightly better than expected.

Revenue in the three months ended in June rose to $13.5 billion, yielding EPS of 54 cents, on a GAAP basis. Excluding some costs, Intel reported 57 cents a share.

Analysts on average had been expecting $13.54 billion and 52 cents a share.

For the current quarter, the company sees $13.8 billion to $14.8 billion in revenue. At the midpoint, $14.3 billion, that projection is below the current $14.58 billion estimate.

For the full year, the company cut its revenue growth outlook to a range of 3% to 5%, versus a prior range for “high-single-digit” growth, year over year.

CEO Paul Otellini remarked, “As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment. With a rich mix of Ultrabook and Intel-based tablet and phone introductions in the second half, combined with the long-term investments we’re making in our product and manufacturing areas, we are well positioned for this year and beyond.”

http://blogs.barrons.com/techtraderdaily/2012/07/17/intel-q2-rev-13-5b-gaap-eps-0-54/?mod=yahoobarrons