Intel faces scrutiny after 28% July plunge despite improving earnings outlook

1. 1Intel (INTC) is set to report its second-quarter results after the close, with revenue expected to rise 12% year-over-year to $14.4 billion and EPS improving to 12 cents (compared with a 67-cent loss a year earlier).
2. 2Gross margin is also expected to improve from about 30% last year to roughly 39%, but Intel shares—after surging 278% in the first half—plunged about 28% in July alone, putting the stock among the S&P 500's worst performers.
3. 3Wedbush analyst Matt Bryson noted that sentiment across the semiconductor sector could weigh on Intel's stock more than the results themselves.

Source Barrons.com +2 · View original ↗

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