The Channel logo

News

By | Ashlee Vance 9th September 2005 00:21

Intel tightens revenue forecast

No news is good news

Intel today narrowed its Q3 revenue prediction and assured analysts that nothing unusual seemed to be occuring during the period.

The chipmaker now expects third quarter revenue to come in between $9.8bn and $10.0bn. That range falls in the middle of a previous, broader forecast stretching from $9.6bn to $10.2bn. Intel's third quarter ends on Oct. 1.

On occasion, Intel will really rattle investors' nerves during these mid-quarter updates. It often notes unexpected changes in demand, inventory, margins or competitive pressures. Not this time around.

"This is pretty much a non-news update," CFO Andy Bryant said during a conference call with analysts.

Bryant noted that Intel kept the same midpoint with both of its forecasts and has seen revenue come in as expected across all product lines. As has been the trend of late, notebook processor sales have driven Intel's double-digit revenue growth.

Shares of Intel moved slightly lower in after-hours trading to $25.86, at the time of this report. ®

alert Send corrections

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers