Intel forecasts current-quarter revenue above estimates


Reuters | Updated: 22-10-2021 01:34 IST | Created: 22-10-2021 01:33 IST
Intel forecasts current-quarter revenue above estimates
Representative image

Chipmaker Intel Corp forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting on hybrid work demand by leveraging its in-house production capacity to weather supply chain challenges.

The company expects fourth-quarter revenue of about $18.3 billion, compared with analysts' average estimate of $18.25 billion, according to IBES data from Refinitiv.

 

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