Stock futures take a new leg down as Intel (INTC) cuts Q4 guidance, expecting revenue of...

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

Stock futures take a new leg down as Intel (INTC) cuts Q4 guidance, expecting revenue of $13.4B-$14B against a previous estimate of $14.2B-$15.2B. The firm blames a reduction in inventories and microprocessor purchases across the PC supply chain due to hard disc drive supply shortages. Shares -3.4% premarket. (PR)