MANHASSET, N.Y. In a positive sign for the semiconductor industry, Intel Corp. said Thursday (March 10) it expects revenue for the first quarter to range from $9.2 billion to $9.4 billion, as compared to previous guidance of $8.8 billion to $9.4 billion.
Intel (Santa Clara, Calif.) expects first-quarter gross margin percentage to be 57 percent, compared to the previous expectation of 55 percent, primarily due to lower than expected 65nm start-up costs and microprocessor unit costs. All other expectations are unchanged.
Analysts on Thomson First Call had expected average earnings of 28 cents a share on revenue of $9.15 billion.
In its previous quarter, Intel posted
earnings of $2.12 billion, or 33 cents per share, on sales of $9.6 billion.