Intel (INTC) Shares Rise After Inline Forecast Amid Reconstruction Plan

Intel Corp. gave fourth-quarter revenue guidance slightly above estimates, raising optimism that the company is able to regain some of the lost market share. Stocks rose.

Fourth-quarter revenue will be $13.3 billion to $14.3 billion, the Santa Clara, California-based company said in a statement. This compares to the average estimate of $13.6 billion by analysts. The company forecast profit of 12 cents per share, compared with Wall Street's forecast of 6 cents.