Intel narrows forecast to upper end of range: "Intel narrows forecast to upper end of range
Thursday June 3, 4:19 pm ET
SAN FRANCISCO, June 3 (Reuters) - Intel Corp. (NasdaqNM:INTC - News), the world's largest microchip maker, on Thursday narrowed the range of its quarterly revenue forecast to the upper end, citing better-than-expected performance in its communications business.
Intel said it now expected revenue of $8.0 billion to $8.2 billion, with a gross profit margin of between 60 percent to 61 percent. In April, Intel forecast quarterly revenue in the range of $7.6 billion to $8.2 billion, and gross margins of about 60 percent. "