Market Overview

AMD Cuts Guidance; Q3 Prelim Gross Margin 31%, Had Seen 44%; Q3 Prelim Revenue Dow About 10% vs Q2, Had Seen Down 1%

Related AMD
Dow Flirts With 19,000, S&P 500 Approaches 2,000 & NASDAQ Trading At 14-Year Highs
Weekly Highlights: iPhone 6 Production Orders, iWatch Displays And More
AMD Shuffles Business Units, Names COO (Fox Business)

AMD (NYSE: AMD) today announced that revenue for the third quarter ended September 29, 2012 is expected to decrease approximately 10 percent sequentially. The company previously forecasted third quarter 2012 revenue to decrease 1 percent, plus or minus 3 percent, sequentially. The lower than anticipated preliminary revenue results are primarily due to weaker than expected demand across all product lines caused by the challenging macroeconomic environment.

Posted-In: Earnings News Guidance

 

Related Articles (AMD)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters