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Intel says 4Q outlook hard to predict



By AP
14 October 2008 @ 04:38 pm EST

SAN JOSE, Calif. - Intel Corp. says the financial crisis could cause fourth-quarter sales to come in below the range of already-subdued estimates offered by Wall Street analysts.

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But the Santa Clara, Calif.-based chip maker still offered a prediction of slightly higher profit margins for the October-December period than it reported for the third quarter.

Intel offered sales guidance between $10.1 billion and $10.9 billion. Analysts surveyed by Thomson Reuters had expected a range of $10.4 billion and $11.3 billion.

Intel is expecting a gross profit margin of 59 percent of revenue, plus or minus a couple of percentage points.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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