Intel lowers FY19 EPS view to $4.35, consensus $4.51
Lowers FY19 revenue view to about $69.0B from roughly $71.5B, consensus $71.05B. "Results for the first quarter were slightly higher than our January expectations. We shipped a strong mix of high-performance products and continued spending discipline while ramping 10nm and managing a challenging NAND pricing environment. Looking ahead, we're taking a more cautious view of the year, although we expect market conditions to improve in the second half. Our team is focused on expanding our market opportunity, accelerating our innovation and improving execution while evolving our culture. We aim to capitalize on key technology inflections that set us up to play a larger role in our customers' success, while improving returns for our owners," said Bob Swan, Intel CEO.