Intel's update shows better than expected revenue in Q4

Intel Corporation has provided a planned update to the company's Business Outlook for the fourth quarter, which ends December 28.

Intel expects revenue for the fourth quarter to be between $6.8bn and $7.0bn, as compared to the previous range of $6.5bn to $6.9bn. The company's Intel Architecture business is performing above expectations, primarily due to higher sales in Asia. Intel's communications businesses are in line with the company's expectations at the beginning of the quarter.