Intel narrowed its forecast for the third quarter to between $7.6 billion and $7.8 billion. Its previous forecast was between $7.3 billion to $7.8 billion announced Aug. 22.

The company's processor business continues to be strong, especially in emerging markets, while demand for communications products remains soft, Intel said. The gross-margin percentage for the third quarter is expected to be toward the high end of the previous range of 56 percent, plus or minus a couple of points.

Intel already raised its forecast last month for the third quarter. At that time, company executives expected revenue to be between $7.3 billion and $7.8 billion in the third quarter, compared to the previous range of $6.9 billion to $7.5 billion.

Intel reported a profit of $896 million, or $0.14 a share, on sales of $6.8 billion in the second quarter. It posted a profit of $686 million, or $0.10 a share, on sales of $6.5 billion in the third quarter of last year.

By: Docmemory
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