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Updated July 28, 2022 8:58 am ET / Original July 28, 2022 1:00 am ET
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Semiconductor analysts are expecting a weak forecast from Intel when the chip maker reports earnings after the market close Thursday, due to weak PC demand and a slowing global economy.
Wall Street expects Intel (ticker: INTC) to report June quarter revenue of $17.94 billion with adjusted earnings of 69 cents per share. Analysts’ estimates for the current quarter’s revenue is $18.72 billion.