Intel has announced that third-quarter 2010 revenues will be below the company's previous outlook.

The company now expects third-quarter revenues to be US$11 billion, plus or minus US$200 million, compared to the previous expectation of between US$11.2 and US$12 billion. Revenues are being affected by weaker than expected demand for consumer PCs in mature markets. Inventories across the supply chain appear to be in-line with the company's revised expectations.

The company's expectation for third-quarter gross margin is now 66%, plus or minus a point, lower than the previous expectation of 67%, plus or minus a couple of points. The impact of lower volume is being partially offset by slightly higher average selling prices stemming from solid enterprise demand.

Equity Investments, Interest and Other is expected to be US$175 million, consistent with the company's revised expectation reported on Form 8-K filed July 16.

All other expectations for the third quarter remain unchanged. The outlook for the third quarter does not include the effect of any acquisitions, divestitures or similar transactions that may be completed after August 26.

By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved