Intel Corporation (NASDAQ:INTC), the world’s biggest semiconductor corporation, will report financial results for second-quarter coming week as Wall Street supports for probably additional bad news in the wake of a series of gloomy reports from the chip industry.
Intel is seen reporting flat earnings on a modest boost in sales. The corporation is planned to report financial results for second quarter after the market closes on Tuesday, July 17.
But few analysts are getting ready for an even less cheerful report and guidance after competitor Advanced Micro Devices, Inc (NYSE:AMD) and chip making equipment manufacturer Applied Materials, Inc (NASDAQ:AMAT) lower their guidance mentioning weak demand.
FactSet analysts observe Intel reporting a profit of 52 cents per share, on revenue $13.55 billion. The corporation announced a profit of 52 cents per share on sales of $13.03 billion in the previous year period.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Advanced Micro Devices, Inc (NYSE:AMD) rose +0.41% to settle at $4.90, Texas Instruments Incorporated (NASDAQ:TXN) moved up +1.05% to end at $27.02 while Broadcom Corporation (NASDAQ:BRCM) jumped +0.52% to finish on Friday at $31.02.
Intel Corporation (NASDAQ:INTC) on July 13, 2012 increased +2.06% to the closing price of $25.25. The overall volume in the last trading session was 35.98 million shares. Its fifty two week range was $19.16-$29.27. The total market capitalization remained $127.03 billion.
INTC is ahead its 52 week low with 35.02% and going forward from its 52 week high price with -13.73%. INTC last month stock price volatility remained 1.98%. In its share capital INTC has 5.03 billion outstanding shares among them 5.03 billion shares have been floated in market exchange. INTC stock institutional ownership remained 62.13% while insider ownership included 0.05%.
The stock price of INTC is moving down from its 20 days moving average with -4.61% and remote negatively from 50 days moving average with -4.70%. INTC current year earnings per share experienced an addition with 18.84% while its current quarter performance remained -9.47%. Company’s beta coefficient included 1.10. Beta factors measures the amount of market risk associated with market trade.