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Non-Tech : Kirk's Market Thoughts
COHR 194.31+0.8%1:25 PM EST
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To: Gottfried who wrote (1403)6/12/2014 7:14:01 PM
From: Sr K   of 26753
 
With 19 days left or ~21% of the days in the quarter,

"Intel Corporation now expects second-quarter revenue to be $13.7 billion, plus or minus $300 million, as compared to the previous range of $13.0 billion, plus or minus $500 million"

so the low end overlaps the prior high end.

Today's low end revenues expectation is $13.4 billion, compared to $13.5 billion at the high end of the previous range, but INTC popped +$1.44 (5.15%) ah. When was the previous range given? Was it mid-quarter, or was today the mid-quarter update?

To have plus or minus $300 million with 19 days to go seems high.
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