Gene - Analyst Raises Intel's Earnings Estimates.
Unfortunaltely, it is Ashok Kumar of Piper Jaffray - but it beats an Earning DECREASE.
WHat do you think - is he off base?
Paul
{\====================================/}
biz.yahoo.com
Friday October 9, 1:02 pm Eastern Time
RESEARCH ALERT - Intel Q3 EPS upped-Piper
SAN FRANCISCO, Oct 9 (Reuters) - Piper Jaffray analyst Ashok Kumar raised his third and fourth quarter earnings estimates on Intel Corp., saying that revenue growth in the September quarter should be stronger than Intel's guidance.
-- Kumar raised his third quarter estimate to $0.84 a share, from $0.80 a share previously, to reflect 13 percent
sequential revenue growth in the third quarter.
-- ''We estimate that revenue growth for the September quarter should be stronger than the guidance of 8 to 10 percent sequential growth,'' Kumar said in a note to clients, referring to Intel's pre-announcement last month of a better than expected third quarter, due to strong demand in North America and Europe, across all product lines.
-- Kumar also raised his fourth quarter estimate to $0.92 a share, from $0.86 a share previously.
-- Kumar said he maintains an aggressive strong buy on the stock, with a price target of $105.
-- Intel shares were up 2-13/16 to 81-03/16 in active trade. The world's largest chip maker is expected to report its third quarter earnings after the U.S. stock market closes on Tuesday, Oct. 13.
More Quotes and News:
Intel Corp (Nasdaq:INTC - news)
Related News Categories: US Market News |
