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December 4, 2009

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Company raises revenue guidance for fourth quarter

Friday, Dec. 3, 2004 | 9:36 a.m.

SAN JOSE, Calif. -- Intel Corp.'s shares climbed nearly 6 percent today after saying its fourth-quarter sales are on track to break a company record because demand for the chips that power computers was stronger than originally expected in the weeks leading up to the holiday buying season.

Shares of Intel, the world's largest semiconductor company, were up $1.34, or 5.9 percent, to $24.05 in morning trading on the Nasdaq Stock Market.

After the markets closed Thursday, Intel estimated its sales will be between $9.3 billion to $9.5 billion for the three months ending Dec. 25. That compares with its previous fourth-quarter forecast, announced in October, of $8.6 billion and $9.2 billion.

Following its regular practice, the company did not release earnings estimates.

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