Chip maker Intel last night report that its third quarter profits rose 12% from a year earlier, but warned of an uncertain outlook because of a global financial crisis.
Intel said profit was $2 billion in the quarter, with earnings per share of 35 cents slightly better than analysts' forecasts.
Revenue rose to $10.2 billion, in line with expectations and up 1% from the same period last year.
'As we look to the fourth quarter, it is hard to know what impact the financial crisis will have on end customer demand,' said Paul Otellini, Intel's president and chief executive.
The company said it expected revenue to be between $10.1 billion and $10.9 billion in the fourth quarter. But it warned: 'Current uncertainty in global economic conditions makes it particularly difficult to predict product demand and other related matters.'
It said the total average selling price of chips was lower or flat. Intel also said revenue in the Americas fell slightly in the third quarter from the second quarter.
