Why Intel's Weak Guidance Could Spell Bad News For Micron, Seagate and Others

As #Intel (INTC) shareholders try to digest disappointing fourth quarter guidance largely sparked by weak results in its data center group, investors in #Micron Technology (MU) , #Seagate Technology (STX) and #Western1Digital (WDC) may also want to brace themselves. Intel posted third-quarter results on Tuesday after the markets close, beating revenue and estimates but offering a flat guidance for the fourth quarter. The chipmaker reported $15.78 billion in revenue with $0.80 of earnings per share, compared to Wall Street's $15.58 billion in revenue and $0.73 in EPS. But Intel offered lower-than-expected guidance for the fourth quarter. It's anticipating $15.7 billion in revenue -- below the consensus estimate of $15.86 billion.
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