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@ 2005/10/18Boosted by strong demand for laptop computer chips, Intel Corp. is anticipated to report its earnings climbed by 9% in the third quarter over the year-ago period.
The world's largest chip maker will deliver its results after the closing bell today. In early trading Tuesday, the stock rose 37 cents, or 1.5%, to $23.83. Before the market opened, Intel (INTC) was upgraded to above average from average by Caris & Company.
Wall Street is looking for Intel to earn 33 cents a share, up 9% from the year-ago period, on revenue of $9.92 billion, up 17%, according to analysts polled by Thomson First Call.
In its midquarter update Sept. 8, Intel tightened its sales forecast to a range of $9.8 billion to $10 billion, compared with its previous forecast of $9.6 billion to $10.2 billion.
Surging sales of laptops has helped Intel sidestep weaker sales of desktop personal computers this year. Santa Clara, Calif.-based Intel commands more than 80% of the market for computer chips.
All year the chip giant has struggled to meet demand for so-called chipsets even though its factories are running at full capacity. Chipsets are a group of chips that work together to send data from the microprocessor to other parts of the computer.
The world's largest chip maker will deliver its results after the closing bell today. In early trading Tuesday, the stock rose 37 cents, or 1.5%, to $23.83. Before the market opened, Intel (INTC) was upgraded to above average from average by Caris & Company.
Wall Street is looking for Intel to earn 33 cents a share, up 9% from the year-ago period, on revenue of $9.92 billion, up 17%, according to analysts polled by Thomson First Call.
In its midquarter update Sept. 8, Intel tightened its sales forecast to a range of $9.8 billion to $10 billion, compared with its previous forecast of $9.6 billion to $10.2 billion.
Surging sales of laptops has helped Intel sidestep weaker sales of desktop personal computers this year. Santa Clara, Calif.-based Intel commands more than 80% of the market for computer chips.
All year the chip giant has struggled to meet demand for so-called chipsets even though its factories are running at full capacity. Chipsets are a group of chips that work together to send data from the microprocessor to other parts of the computer.
