Intel (INTC) -2.3% premarket after issuing downside guidance for Q3, lowering projected revenues...

|About: Intel Corporation (INTC)|By:, SA News Editor

Intel (INTC) -2.3% premarket after issuing downside guidance for Q3, lowering projected revenues ~7% to $12.9B-$13.5B from $13.8B-$14.8B due to "weaker than expected demand in a challenging macroeconomic environment." INTC sees customers reducing supply chain inventory, softness in the enterprise PC market segment, and slowing emerging market demand.