Intel is scheduled to report third-quarter earnings Tuesday, amid an improved outlook for the PC business. But there’s also pessimism in the chip industry, which caused chip stocks including Intel’s to fall Friday.
Still, Intel’s performance so far this year — in July, the Santa Clara chipmaker beat Wall Street’s expectations for the second quarter in a row — has helped prop up its shares; they’re up about 37 percent in the past year.
Among the things analysts and investors will be watching for: CEO Brian Krzanich said last quarter that Intel was seeing PC upgrade activity. Some analysts cite the company’s push into the Internet of Things as cause for optimism. And at least one analyst points to Intel’s improved position in tablets, a party the company was late to.
Analysts surveyed by FactSet expect Intel to post earnings of 65 cents per share on sales of $14.45 billion, compared with profit of 58 cents a share on $13.5 billion in revenue in the year-ago quarter.
Intel shares are about flat at $32.
Photo by Joanne Ho-Young Lee/Mercury News archives
