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quote from zerohedge: Instead of using the same tax rate as a year ago, when it had an effective tax rate of 25.5%, this quarter the tax rate was down 7.1
by dismal2 10y ago
quote from zerohedge:
Instead of using the same tax rate as a year ago, when it had an effective
tax rate of 25.5%, this quarter the tax rate was down 7.1% to just 18.4%.
Had INTC used the historical tax rate, it would have, surprise, missed.
Worse, INTC just cut its outlook, predicting revenue of $13.5 billion,
plus or minus $500 million, for the Q2, about $700MM below consensus estimates.