U.S. Markets closed

Intel tracking to lower end of Q1 revenue guidance, says Piper Jaffray

Piper Jaffray believes that weak PC demand will cause Intel's revenue to come in at the lower end of its Q1 guidance for a 2%-9% drop versus Q4. The firm expects the company's revenue to fall 8% quarter-over-quarter, and it lowered its estimates while maintaining a Neutral rating.