Intel raises sales forecast, shares jump 4%

Intel Corp. on Friday raised its revenue forecast for the third quarter, above Wall Street expectations, citing that there was robust demand for its chips, in what was another sign that improves the situation for one of leading high technology companies in the world.
Intel shares rose 4%.
The main computer chip maker now expects sales of between 8,800 million and 9,200 million dollars. Its previous forecast, issued on June 14, pointed to an income of 8,100 million and 8,900 million dollars.
Analysts surveyed by Thomson Reuters were expecting a turnover of 8550 million by Friday.
Intel, based in Santa Clara, California, also predicted that gross profit margins in the quarter should be in the top half than forecast earlier.
As this company gets much of its revenue from the sale of chips, the "brains" of personal computers, Intel suggested that manufacturers of these products are incorporating new chips at a faster rate than it expected its own microprocessor giant .
Although this suggests that computer makers will consider robust demand for its products, does not necessarily mean that sales have already improved.
Intel benefits from the fact that PC makers have spent much of their inventory, instead of buying new chips, during the worst of the financial crisis. Now, they have to refuel ahead of the season when the students return to schools.
It is expected that sales will be good this season.

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