Associated Press
Intel Raises 4th-Quarter Sales Forecast
Thursday December 2, 4:31 pm ET
By Matthew Fordahl, AP Technology Writer
Intel Raises Fourth-Quarter Sales Forecast on Strong Holiday Demand for Microprocessors
SAN JOSE, Calif. (AP) -- Semiconductor giant Intel Corp. dramatically raised the range of its fourth-quarter sales forecast Thursday as it benefited from strong holiday demand for microprocessors, the brains of personal computers.
ADVERTISEMENT
The Santa Clara, Calif.-based company now estimates its sales to be between $9.3 billion and $9.5 billion for the three months ending Dec. 31. In October, Intel predicted sales would be between $8.6 billion and $9.2 billion. It does not provide earnings guidance.
Analysts were expecting the maker of Pentium chips to earn 28 cents per share on sales of about $8.97 billion, according to a Thomson First Call survey conducted before Thursday's update.
Intel's improved outlook stands in contrast to a string of project cancelations, product delays and other execution problems in recent months. Though Intel remains healthy, the changes have rattled investors who have sent the company's stock down nearly 30 percent this year.
The chip-maker also has struggled with growing inventories and sagging margins because of lighter-than-expected demand for its most profitable chips and stronger sales of its less profitable products.
At the same time, its chief microprocessor rival, Advanced Micro Devices Inc., has made its biggest gains in market share since 2002, according to a recent report by IDC.
The outlook was released after the financial markets closed. Earlier, shares of Intel closed at $22.71, down 39 cents. In the extended session, they gained $1.80, or nearly 8 percent, to $24.51 on the Nasdaq stock market.
Olé!
Um abraço e bons n€gócios,
Gpinto
Todos os conteúdos deste post, são da minha responsabilidade, e são o meu entendimento do momento dos mercados. A serem tomados como exemplo, é da única responsabilidade de quem os segue.
O Clubeinvest.com informa que nenhuma da informação
aqui facultada deverá ser entendida como conselho ou recomendação
de qualquer tipo de transacção ou investimento.
