First Albany Capital raised its forecasts for Intel Corp on June 10, a day after the world's largest chip maker lifted its second-quarter revenue and profit margin forecasts on strong demand for notebook chips. The brokerage firm now expects the Santa Clara, California-based company to earn 33 cents a share on revenue of $9.2 billion in the quarter ending July 2.
This is up from the earnings of 26 cents a share on revenue of $8.6 billion the firm had forecast earlier.
Intel on Thursday said it targets second-quarter sales of $9.1 billion to $9.3 billion, up from its earlier view of $8.6 billion to $9.2 billion given in April.
Comments
Comments are closed.