Intel Raises Quarterly Revenue Target
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Intel Corp. , the largest maker of microchips, on Thursday raised its quarterly revenue target, citing strong worldwide demand for its microprocessors, and its shares jumped nearly 6 percent in after-hours trading.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest maker of microchips, on Thursday raised its quarterly revenue outlook, citing strong worldwide
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Intel&#39;s revenue increase for the fourth quarter fell short of analysts&#39; estimates in part because of weak prices for memory chips.The company recorded revenue of $10.7 billion, up 10.5 percent year over year, missing the $10.8 billion estimated by analysts polled by Thomson Financial.Though revenue from computing-related products was as expected, NAND memory revenue was lower than expected, Intel said in a news release.The company reported net income of $2.27 billion, below analysts&#39; estimates of $2.38 billion. Earnings per share were $0.38.Intel in November rolled out its next-generation Penryn processors,&#160;which the company claims provide better power efficiency and graphics performance than its earlier chips. Manufactured using the 45-nanometer process, the company first launched Penryn chips for workstations and in early January rolled out 45-nm chips for servers, laptops, and desktops.Intel is expected to launch processors for its Montevina platform, an upgrade to its mobile Centrino platform, later this year. It will also roll out Menlow, a platform for ultramobile computers, later this year. Intel is also working on a new chip architecture code-named Nehalem, which will appear in late 2008.
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Intel Corp. (INTC.O: Quote, Profile, Research) , the world&#39;s largest maker of computer chips, said on Wednesday it would double its quarterly dividend to 8 cents a
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Stock index futures added to gains on Monday after Intel Corp  revised its revenue outlook higher, setting the stage for the chip sector to help the market shake off last week's losses.
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Intel Corp.'s second-quarter profit jumped 44 percent on strong sales of microprocessors, but the company's shares fell amid signs that fierce competition continues to push chip prices lower.
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Intel Corp., the giant chipmaker, which has been plagued by product delays and cancellations this year, raised its fourth-quarter revenue forecast on Thursday well above Wall Street expectations.
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SANTA CLARA, Calif., Oct. 12, 2004 - Intel Corporation today announced third-quarter revenue of $8.5 billion, up 5 percent sequentially and up 8 percent year-over-year.
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Stocks opened higher on Monday after Intel Corp  raised its revenue outlook, setting the stage for the chip sector to help the market shake off last week's losses.
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Intel Corp.&#39;s fourth-quarter sales are on track to break a company record as demand for the chips that power computers was stronger than originally expected in the weeks leading up to the holiday buying season.
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Green Christmas. Intel (nasdaq: INTC - news - people ) on Thursday pumped up the range of its fourth-quarter sales forecast. The Pentium chip maker cited muscular global holiday demand for its microprocessors.
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NEW DELHI -- Intel Corp., the world&#39;s largest computer chip maker, is expected to report higher revenue from global operations in the first half of 2005 than in the same period this year, chief executive Craig Barrett said.
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Third-quarter revenue was $8.47 billion, up 8 percent from last year's third-quarter revenue of $7.83 billion. Intel shipped a record number of processors in the quarter, but it had forecast even higher growth coming off of its second-quarter earnings conference call.
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By , Bloomberg News. Intel Corp., considered a bellwether company in the technology industry, said fourth-quarter sales will exceed its previous forecasts as demand rises for processors that power laptop, desktop and server computers.
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Intel Corp.  on Tuesday said quarterly profit rose 15 percent, helped by record sales in Asia and stronger demand for notebook and server computer chips, and gave an outlook that reassured jittery investors that it could grow despite tough market conditions.
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Last night, Intel sharply raised its fourth-quarter outlook. The chipmaker says it now expects revenue of $9.3 billion to $9.5 billion, not the $8.6 billion to $9.2 billion it forecast in mid-October.
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(InfoWorld) - Citing surprisingly high demand for its processors, Intel on Monday upgraded its third-quarter revenue forecast to a range of $9.4 billion to $9.8 billion from the company's previous estimate of $9 billion to $9.6 billion. Both ranges are far above Intel's results in the third quarter of 2006, when the company collected $8.7 billion in revenue, a 12 percent drop from the same quarter the previous year. Intel's sagging performance in 2006 led to a corporate restructuring plan including thousands of layoffs and the sale of several divisions. The company has posted muchÂ stronger results in 2007, despite a lingeringÂ price war with rival Advanced Micro Devices. In July, Intel beat Wall Street estimates with second-quarter revenue of $8.7 billion, with profit up 44 percent over the same period of last year. Intel's financials forecast upgrade came the same day thatÂ AMD launched its Barcelona quad-core Opteron server chip, which is expected to be a strong competitor to Intel's current server chips. However, Intel said its new forecast is generated by demand throughout its business units, including notebook and desktop chips as well as server processors. "We're seeing strength in revenue across the board," said Intel spokesman Tom Beermann. The company will give more detailed results when it reports its third-quarter earnings on Oct. 16. Also on Monday, Intel trimmed another business division, agreeing to sell certain assets of its modular communications platforms business, which makes telecommunications boards, to RadiSysÂ for $31.75 million. The parts of the division being sold to RadiSys make ATCA computing and packet processing blades, ATCA chassis, AMC modules, and cPCI blades and chassis. The deal with RadiSys did not contribute to Intel's revised revenue forecast today, Beermann said. Intel expects "a significant number" of employees to accept new job offers and move to RadiSys, but has not estimated the number. They will include workers in the engineering, product testing/validation, operations and marketing departments. RadiSys makes ATCA platforms and other products for telecommunication equipment manufacturers. The deal is expected to close in September. Â