“Intel Corp. (INTC), the world’s largest semiconductor maker, reduced its third-quarter revenue forecast and withdrew previous full-year projections, citing weaker demand in a challenging macroeconomic environment.
Third-quarter sales will be $13.2 billion, plus or minus $300 million, compared to a prior projection of $13.8 billion to $14.8 billion, the Santa Clara, California-based company said in a statement today. Analysts on average had estimated sales of $14.2 billion, according to data compiled by Bloomberg.”
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