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In the run-up to Intel Corporation's
INTC third quarter earnings report, Deutsche Bank analyst, Ross Seymore issued a preview of his expectations for the quarter.
Seymore commented, "We continue to believe INTC shares have a number of beneficial tailwinds going forward. In the near term, we expect solid 3Q results and 4Q guidance, the latter likely being somewhat of a rarity in the semi sector."
Q3 Estimates- Revenue: $14.4 billion
- Gross Margin: +150 bps to 66 percent
- EPS: $0.64
- Buybacks: $4 billion
- Revenue: $14.5 billion
- EPS: $0.61
- Buybacks: $2.5 billion
Deutsche Bank currently rates Intel Corporation a Buy with a $40 price target.
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