SAN FRANCISCO (AP) — Intel Corp., which is expected to report its third-quarter results after the market closes Tuesday, will be closely watched for commentary from executives about personal computer demand.
PC sales worldwide are growing, but the pace is sluggish, as market research firms Gartner Inc. and IDC reported this week. The outlook for the U.S. and Europe in particular is gloomy. As the world’s biggest maker of PC microprocessors, Intel is in a unique position to provide perspective on global PC trends.
Analysts polled by FactSet expect that Intel earned 61 cents per share on $13.87 billion in revenue. In the same period last year, Intel earned 52 cents per share on $11.1 billion in revenue.