Intel lifts earnings expectations for Q4

Intel announced that it expects fourth quarter revenue to come in between $9.3 billion and $9.5 billion, up from a previously estimated $8.6 billion to $9.2 billion. In the fourth quarter of 2003, the company stated revenues of $8.74 billion which indicates that Intel puts revenue growth in the high single digits for the foruth quarter of this year.

In its financial update the compoany said that it continues to decrease its inventory levels and expects to see a gross margin range between 55 and 57 percent. (THG)