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%

Share:
Related AMD
Advanced Micro Devices Analyst Roundup Following Q4 Results
Wednesday Morning Movers: Netflix Flying High
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...

Get Benzinga's Newsletters