Intel Lifts Revenue Guidance

Intel boosted its third-quarter revenue forecast, citing stronger-than-expected demand for its computing products.

The Santa Clara, Calif., chipmaker now sees third-quarter revenue of $9.4 billion to $9.8 billion, up from its prior forecast of $9.0 billion to $9.6 billion.

Intel also said it expects gross margins to be at the upper half of its previous projection of 52%, plus or minus a couple of points.

Analysts polled by Thomson Financial have an average forecast for third-quarter revenue of $9.4 billion and earnings of 28 cents a share. Intel doesn't provide earnings guidance.

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- Posted: 2007-09-10 09:57:03

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