Intel Sees Gains After Poor Estimates from Analysts on Laptop Demand
Shares for Intel, maker of the extremely popular Core i processors, rose in U.S. trading after the company predicted fourth quarter sales that exceeded the estimates of most analysts. Intel cited strong demand for laptop computers in emerging markets as one of the reasons for growth. According to a statement from the company, revenue will increase to $14.7 billion, give or take $500 million. The average of projections from analysts compiled by Bloomberg only put the world’s largest chip manufacturer at a revenue of $14.2 billion. Fourth quarter gross margin, which is the percentage of sales after deducting production costs, is said to be aroundRead More →