Intel "market perform," estimates raised

11.09.07 - JMP Securities

NEW YORK, September 11 (newratings.com) - Analysts at JMP Securities maintain their "market perform" rating on Intel Corporation (INTC), while raising their estimates for the company.

In a research note published yesterday, the analysts mention that the company has raised its F3Q07 revenue guidance from a range of $9.0-$9.6 billion to $9.4-$9.8 billion due to higher-than-expected demand for microprocessors. The company expects its gross margins to come in at the higher end of the 52% range, the analyst says. The EPS estimates for FY07 and FY08 have been raised from $1.08 to $1.12 and from $1.15 to $1.20, respectively.