Intel Corp. raised its third-quarter revenue forecast above Wall Street's expectations Friday, citing strong demand for its chips and giving another signal that business is improving for one of the world's biggest technology companies.
Intel's shares rose 5 percent in morning trading.
The leading maker of computer microprocessors said it now expects sales of $8.8 billion to $9.2 billion. Its last guidance, which came July 14, was for revenue in the range of $8.1 billion to $8.9 billion.
Analysts polled by Thomson Reuters were expecting $8.55 billion in revenue before Friday.
Santa Clara, California-based Intel also said it expects the …
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