Intel Increases 3Q Revenue Guidance

August 28, 2009 at 8:55 am  ·  Category: Market Commentary, Stocks

Intel (INTC) this morning raised their 3rd quarter revenue guidance from $8.5 bil +/- $400 mill to $9.0 bil +/- $200 mil.  That’s some genuinely bullish news though $9 bil is still 12% below revenues from 2008’s 3rd quarter of $10.2 bil.

intc-1-year-chart

Disclosure: Top Gun has no position in Intel (INTC) shares but is short them indirectly view the QQQQ.

Posted by Greg Feirman  ·  Trackback URL  ·  Link
 

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