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No Earnings Surprise From Intel

July 13, 1999| Reuters

Intel Corp. is expected to report second-quarter earnings today that are in line with analysts' expectations, with revenue down from the previous quarter, as a result of its aggressive pricing and some slower PC demand, analysts said. "I think this quarter is going to have very little in the way of surprises," said Mark Edelstone, an analyst with Morgan Stanley Dean Witter. According to First Call, which tracks analysts' estimates, the consensus is for 53 cents a share. Shares in the No. 1 chip maker fell 81 cents to close at $65.44 on Nasdaq.

Other companies expected to report earnings Tuesday include Motorola Corp., Sprint Corp., PairGain Technologies Inc. Avis Rent a Car Inc. and Hertz Corp.

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