{"id":36002,"date":"2012-10-17T03:44:00","date_gmt":"2012-10-17T03:44:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/intel-reports-q3-results-intc\/36000\/"},"modified":"2012-10-17T03:44:00","modified_gmt":"2012-10-17T03:44:00","slug":"intel-reports-q3-results-intc","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intel-reports-q3-results-intc\/36002\/","title":{"rendered":"Intel Reports Q3 Results (INTC)"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p>Despite posting better than expected third quarter results, shares of Intel Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=INTC\" target=\"_blank\" rel=\"noopener\">NASDAQ: INTC<\/a>) slumped 3.27% in aftermarket hours on Tuesday after the company provided a lackluster outlook for fiscal fourth quarter in the wake of flagging sales in the PC industry on account of global macroeconomic uncertainty even as more and more users are preferring tablets over PCs.<\/p>\n<p><span id=\"more-36002\"><\/span><\/p>\n<p>According to industry analysts, the PC industry is witnessing its worst phase since 2001. Slowing economic growth in China along with sagging European economy and uncertainty surrounding the U.S. economy due to possibility of spending cuts, will impact the PC shipments this year, said analysts.<\/p>\n<p>Intel now expects fourth-quarter revenue to fall between $13.1 billion and $14.1 billion.<\/p>\n<p>Analysts\u2019 polled by Thomson Reuters were expecting revenue of $13.74 billion which is higher than the company\u2019s midpoint range of revised revenue forecast.<\/p>\n<p>For the third quarter, Intel reported earnings of 58 cents per share, down from 65 cents per share in the year quarter while revenue contracted 5 percent to $13.5 billion from $14.23 billion, in the corresponding period of last year.<\/p>\n<p>Analysts polled by Thomson Reuters had most recently forecasted earnings of 49 cents a share on revenue of $13.23 billion.<\/p>\n<p>Commenting over the results, Intel\u2019s Chief Executive, Paul Otellini said in a statement, \u201cOur third-quarter results reflected a continuing tough economic environment.\u201d<\/p>\n<p>Nevertheless, analysts such as Alex Gauna of JMP Securities were not convinced with results and company\u2019s long term outlook, notwithstanding the current slowdown in the economy.<\/p>\n<p>Speaking to CNBC, just after the release of quarterly results, Gauna said, \u201cI don\u2019t think the results answer any of the longer-term questions about the company \u2026 Intel still has a lot to prove in terms of how it can compete in this new era of mobility.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>anish &lt;\u0002\ufffd\u000bc\u0010a\u00010o\ufffd\u0006\ufffd\ufffd\ufffd\u0006 the WSJ that request will not be made this week, the development brought cheers in the market. Uncertainty surrounding Spain\u2019s stance on the bailout has kept investors on edge, resulting in sharp fluctuations in the <a href=\"http:\/\/www.knowfinance.com\/foreign-exchange-market\/\" target=\"_blank\" rel=\"noopener\">foreign exchange<\/a> market.\u00a0 The euro was also boosted by German Investor Sentiment Index which climbed higher than expected for October.<\/p>\n<p>&nbsp;<\/p>\n<p>Commenting over the weaker dollar and its possible impact on <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a>\u2019s prices, Jeffrey Wright, a managing director at Global Hunter Securities said to MarketWatch, \u201cOverall sentiment for gold is [for] higher prices in coming weeks, with periods of short-term profit taking,\u00a0the bias will continue to the upside due to QE3 [and] modest economic improvements in Europe, which both contribute to a weaker U.S. dollar,\u201d<\/p>\n<p>A weaker dollar, in general, tends to boost the demand for gold since dollar priced <a href=\"https:\/\/thestockmarketwatch.com\/markets\/commodities\/today.aspx\">commodities<\/a> become cheaper for those traders who deal in currencies other than the greenback.<\/p>\n<p>Holdings in ETF Shrinks<\/p>\n<p>A data provided by Reuters showed that holdings of gold in major gold-backed exchange traded funds, including world\u2019s largest gold ETF, the SPDR Gold Trust (ETF) (<a href=\"https:\/\/stockmarketwatch.com\/markets\/nyse\/today.aspx\" data-internallinksmanager029f6b8e52c=\"2\" title=\"NYSE Today\">NYSE<\/a>: GLD), fell to 213,228 ounce as of October 15 while\u00a0 the largest <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a> ETF, the iShares Silver Trust (ETF) (NYSE: SLV) also recorded an outflow of 290,558 ounces on Monday.<\/p>\n<p>In some other precious metal markets, silver futures for December delivery\u00a0edged up 0.7%, to settle at $32.96 an ounce. Platinum futures for January contract\u00a0climbed 0.8%, to close at $1,645.20 an ounce, and December palladium futures\u00a0jumped 1%, to end the day at $638.95 an ounce.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20130414050311\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.4\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Fintel-reports-q3-results-intc%2F36002&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n<script id=\"mNCC\" language=\"javascript\">  medianet_width='600';  medianet_height= '250';  medianet_crid='814932888';  <\/script>  <script id=\"mNSC\" src=\"https:\/\/web.archive.org\/web\/20130414050311js_\/http:\/\/contextual.media.net\/nmedianet.js?cid=8CUT71M67\" language=\"javascript\"><\/script> \n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/bankrate-upgraded-by-stifel-nicolaus-rate\/43630\">\nBankrate Upgraded By Stifel Nicolaus (RATE)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/apple-to-pay-53m-in-settlement-linked-to-faulty-iphones-aapl\/43628\">\nApple to Pay $53M in settlement Linked to Faulty iPhones (AAPL)<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stocks-end-lower-on-disappointing-economic-data\/43619\">\nStocks End Lower on Disappointing Economic Data<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-fall-sharply-silver-prices-also-tumble-10\/43618\">\nGold Prices Fall Sharply; Silver Prices Also Tumble<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-float-in-red-territory\/43616\">\nU.S. Stocks Float in Red Territory<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/u-s-stocks-edge-lower-in-early-trading-4\/43613\">\nU.S. Stocks Edge Lower in Early Trading<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/forex-market-update-yen-recovers-against-all-major-currencies-euro-slips-against-the-dollar\/43609\">\nForex Market Update: Yen Recovers against All Major Currencies, Euro Slips against the Dollar<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20130414050311im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n\n<!--script type=\"text\/javascript\">\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\n<\/script>\n<script type=\"text\/javascript\"\nsrc=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script-->\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite posting better than expected third quarter results, shares of Intel Corporation (NASDAQ: INTC) slumped 3.27% in aftermarket hours on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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