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Intel raises full year revenue forecast

Credit: REUTERS/FABIAN BIMMER

Intel Corp raised its full-year revenue forecast on Thursday, easing concerns about a long-drawn slowdown in demand that has also been fueled by the U.S.-China trade war.

Oct 24 (Reuters) - Intel Corp INTC.O raised its full-year revenue forecast on Thursday, easing concerns about a long-drawn slowdown in demand that has also been fueled by the U.S.-China trade war.

The company now expects fiscal year 2019 revenue of $71 billion, up from its earlier forecast of $69.5 billion.

(Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco Editing by Saumyadeb Chakrabarty)

((Munsif.Vengattil@thomsonreuters.com; Twitter: @MunsifV; +91 80-30495009;))

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