Intel edges third-quarter forecast lower

Intel edges third-quarter forecast lower

Intel has shifted its third-quarter earnings down slightly, saying microprocessor sales have been slower than expected for the period.

Intel provided a mid-quarter update that showed the chip maker pushing down its guidance to slightly below the midpoint of previous expectations. The company now expects to post revenue between $US6.3 billion and $6.7 billion for the quarter, which ends on September 28. The range in its previous forecast was between $6.3 billion and $6.9 billion.

Intel noted that its microprocessor unit sales are coming in lower than expected for this time of the year. In addition, demand for the company's communications products remains soft, the company said in the statement. Flash memory sales are in line with expectations.

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