Why Intel Corp. Shareholders Have Something to Worry About
Despite its lackluster stock performance so far in 2017 -- Intel (NASDAQ: INTC) is down 4% year to date -- most analysts are relatively bullish heading into its second quarter earnings announcement, scheduled for Thursday after the close. The Street is expecting sales of $14.41 billion and earnings per share (EPS) of $0.68, both of which are in line with Intel's guidance for the quarter.
The surprisingly strong PC market has helped boost Intel to a string of record-breaking quarters, though most pundits agree that's a bit worrisome because that kind of growth isn't sustainable. Unfortunately, an uncertain PC market isn't the only thing that has shareholders worried. The self-proclaimed "data center first" chipmaker is showing signs of weakness where it matters most.
Image source: Intel.
Source: Fool.com