Salem Radio Network News Wednesday, July 28, 2021

Science

Intel forecasts current-quarter revenue above estimates

(Reuters) – Intel Corp on Thursday forecast third-quarter revenue above analysts’ estimates, as the chipmaker focuses on in-house manufacturing to meet increased demand for its new generation of processors.

The company expects adjusted third-quarter revenue of about $18.2 billion, compared with estimates of $18.09 billion, according to IBES data from Refinitiv.

(Reporting by Chavi Mehta in Bengaluru and Stephen Nellis in San Francisco; Editing by Shounak Dasgupta)

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