(Reuters) – Chipmaker Intel Corp forecast fourth-quarter revenue above Wall Street expectations on Thursday, betting on hybrid work demand by leveraging its in-house production capacity to weather supply chain challenges.
The company expects fourth-quarter revenue of about $18.3 billion, compared with analysts’ average estimate of $18.25 billion, according to IBES data from Refinitiv.
(Reporting by Chavi Mehta and Tiyashi Datta in Bengaluru; Editing by Maju Samuel)
