Intel Gains After Forecast Tops Estimates on Laptop Demand
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Intel Corp. shares rose in U.S. trading after the world’s biggest chipmaker forecast fourth-quarter sales that exceeded some analysts’ estimates, citing strong demand for laptop computers in emerging markets.
Revenue will climb to $14.7 billion, plus or minus $500 million, Intel said in a statement yesterday. That compares with $14.2 billion, the average of analysts’ projections compiled by Bloomberg. Fourth-quarter gross margin, the percentage of sales left after deducting production costs, will be about 65 percent.