By Josh Beckerman
Intel Corp. increased its revenue guidance for the year, citing
stronger-than-expected demand for business PCs.
Intel shares rose more than 3% in after-hours trading.
For the second quarter, the company expects revenue of $13.7
billion, plus or minus $300 million, compared with previous
guidance of $13 billion, plus or minus $500 million.
Intel now projects "some revenue growth" for the full year. The
chip maker previously projected approximately flat revenue.
For the second quarter, Intel forecasts the midpoint of its
gross margin range will rise by 1 point to 64%, while full-year
gross margin is expected to be in the upper half of prior guidance
of 61%, plus or minus a few percentage points, reflecting expected
improvements in unit cost and volume.
Analysts polled by Thomson Reuters project second-quarter
earnings of 47 cents a share on revenue of $13 billion for Intel.
For the full year, analysts project earnings of $1.89 a share on
sales of $53.06 billion. Last year, Intel earned $1.89 a share on
sales of $52.71 billion.
Write to Josh Beckerman at josh.beckerman@wsj.com
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