The company said it expects revenues to be in a range of $9.2 billion to $9.4 billion for the quarter, compared to its previous target of $8.8 billion to $9.4 billion in January. The $9.3 billion midpoint of Intel's new range is ahead of Wall Street's consensus forecast of $9.15 billion. Intel reported sales of $8.09 billion in the first quarter of 2004.

Intel also said that it now expects gross margins, a key measure of profitability, to be about 57 percent in the quarter. The company said in January that it anticipated gross margins of 55 percent. Intel cited lower manufacturing costs for the improved margin outlook.

The company did not give earnings per share guidance but analysts are forecasting a profit of 28 cents per share for the quarter, up from 26 cents a share in the same period a year ago.

By: DocMemory
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