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Intel cuts server CPU division's forecast; shares now -3%

Oct. 13, 2015 5:31 PM ETIntel Corporation (INTC) StockINTCBy: Eric Jhonsa, SA News Editor42 Comments
  • On its Q3 earnings call, Intel (NASDAQ:INTC) stated it now expects low-double digit Y/Y revenue growth for its Data Center Group (DCG). The company previously forecast 15%+ 2015 growth. It has also guided for a 15% DCG revenue CAGR through 2018.
  • DCG revenue rose 12% Y/Y in Q3 to $4.1B, with the division's op. profit ($2.1B) nearly matching that of the Client Computing Group ($2.4B, pressured by PC weakness).
  • Intel has fallen to $31.10 after hours.
  • Q3 results/Q4 guidance, details

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