Intel gave an upbeat revenue forecast after personal computer demand grew, boosting optimism about a comeback attempt by the embattled chipmaker. 
 
Fourth-quarter sales will be $12.8 billion to $13.8 billion, the company said in a statement Thursday. The midpoint of that range, $13.3 billion, was just below Wall Street’s $13.4 billion average estimate. 
But some analysts were still including revenue from a unit that Intel just spun off — money that wasn’t part of the company’s forecast.

The shares gained about 3% in late trading after closing at $38.16. 

For instant reaction and analysis, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with Jay Goldberg, Senior Analyst of Semiconductors & Electronics with Seaport Research Partners

Intel gave an upbeat revenue forecast after personal computer demand grew, boosting optimism about a comeback attempt by the embattled chipmaker. &nbsp; Fourth-quarter sales will be $12.8 billion to $13.8 billion, the company said in&nbsp;a statement&nbsp;Thursday. The midpoint of that range, $13.3 billion, was just below Wall Street&rsquo;s $13.4 billion average&nbsp;estimate. But some analysts were still including revenue from a unit that Intel just spun off &mdash; money that wasn&rsquo;t part of the company&rsquo;s forecast. The shares gained about 3% in late trading after closing at $38.16.&nbsp; For instant reaction and analysis, Bloomberg Businessweek hosts Carol Massar and Tim Stenovec speak with Jay Goldberg, Senior Analyst of Semiconductors &amp; Electronics with Seaport Research Partners

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Scarlet Fu and Paul Sweeney harness the power of Bloomberg Intelligence to analyze market news and provide in-depth company research. Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

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Instant Reaction: Intel Gives Encouraging Forecast After PC Market Rebounds

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