Notable 52-Week Highs and Lows of the Day 06/13: (INTC) (HPQ) (STV) High; (LULU) (GNC) (BEBE) Low
- Intel Corp. (Nasdaq: INTC) $30.06. Intel raised Q2 revenue and gross margin guidance on the back of strong business PC sales. The company now expects second-quarter revenue to be $13.7 billion, plus or minus $300 million, as compared to the previous range of $13.0 billion, plus or minus $500 million. The company is forecasting the mid-point of the gross margin range to increase by 1 point to 64 percent, plus or minus a couple of percentage points, driven mostly by higher PC unit volume.