Intel’s Sales Forecast Falls Short of Some Analysts’ Estimates
This article is for subscribers only.
Intel Corp., the world’s largest semiconductor maker, forecast third-quarter sales that were lower than some analysts had estimated as an economic slowdown in China, the largest computer market, erodes demand.
Revenue in the current period will be $14.3 billion, plus or minus $500 million, Santa Clara, California-based Intel said in a statement today. Analysts had projected sales of $14.6 billion, the average of estimates compiled by Bloomberg. A year earlier, sales were $14.2 billion.