Intel is set to report second quarter results tonight after the bell with a conference call which will begin at 5:00 p.m. ET
The Capital IQ Consensus Estimate sees Q2 EPS of $0.97 (vs $0.72 a year ago) on revenue growth of 13.7% to $16.78 bln
Intel is also expected to update its full year outlook; the current guidance for the year stands at EPS of $3.66-4.04 on revs of $66.5-68.5 bln
TECHS:
The stock sits virtually unchanged since last quarter's report, though the shares have been on a ride in the past few months; most notably, INTC moved to a near 18-year high in early June (57.59) before retreating nearly 10 points in the next few weeks. Shares found resistance this morning in the 50-day simple moving average (53.18), which the stock attempted to break through soon after the bell, to no avail