On Wednesday, Intel reported its quarterly results for the quarter.
Intel’s share price rose 7 percent.
But the biggest news from the report was that it’s now expected to report revenue of $1.3 billion for the full year, which would be $3.8 billion higher than it said last quarter.
In the second quarter, Intel’s PC business lost 9 percent, or $1 billion, to $2.2 billion.
The company’s revenue dropped 9 percent to $1,726.4 million.
The business also reported revenue of about $4.2 million in the third quarter, which is down nearly 20 percent from the previous quarter.
Intel’s PC revenue grew by 15 percent to about $3 billion.
Its revenue for the year was down 17 percent to just $1 million.
It’s expected to bring in more revenue in the fourth quarter.
The company also said its revenue in emerging markets, including China and India, was up by 12 percent to more than $2 billion in the quarter, and revenue in Latin America and Africa was up 10 percent to nearly $2 million.
Intel said it expects revenue of more than a billion dollars for the second half of the year, up from about $800 million for the same time period last year.