Intel Factors Add up to Analyst Concern -- Market Talk

Font size: A | A | A

1:35 PM ET 8/15/17 | Dow Jones

13:35 ET - Intel (INTC) in late July reported a solid 2Q, yet Bernstein Research analyst Stacy Rasgon hears alarm bells. He points to several factors: Notebook chip shipments in the quarter exceeded shipments of the notebooks themselves, average desktop prices fell year on year, and the company's annual growth target for its data-center group requires a strong 2H. In addition, strategy around operating expenditures has been a moving target and nonoperational income has boosted recent results. Individually, these factors wouldn't bother him, he writes in a report, but together, "they begin to sound more of an alarm." INTC's down 1.3% to $35.86, but was up roughly 4% between the 2Q earnings disclosure and Monday's close. (ted.greenwald@wsj.com) 

> Dow Jones Newswires

August 15, 2017 13:35 ET (17:35 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.