For the fourth-quarter, the Santa Clara, Calif.-based firm expects revenue of $13.6 billion, plus or minus $500 million. Non-GAAP gross margins are expected to be between 57% and 58%, plus or minus a couple of percentage points. That's slightly below the $13.74 billion in sales analysts polled by Thomson Reuters expect.
Third-quarter numbers beat expectations, but those expectations were lowered just two months ago when Intel cut its outlook amid weak economic conditions. Intel earned 58 cents a share on revenue of $13.5 billion. Analysts polled by Thomson Reuters were looking for 49 cents a share on revenue of $13.23 billion.
Shares of eBay (EBAY - Get Report) were slightly higher, up 0.12% to $48.30 as the online auction company prepares to report third-quarter results after the bell. Analysts surveyed by Thomson Reuters expect eBay to earn 54 cents a share on $3.4 billion in revenue. The San Jose, Calif.-based firm has had a strong run this year, gaining 59.28%, outpacing the broader Nasdaq. Interested in more on eBay? See TheStreet Ratings' report card for this stock. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull