July 19, 2012 / 8:26 PM / 5 years ago

Chipmaker AMD's revenue sinks on weaker China, Europe

SAN FRANCISCO, July 19 (Reuters) - Chipmaker Advanced Micro Devices posted second-quarter revenue of $1.41 billion and a net pr ofit o f $37 million, or 5 cents a share, as it struggles with a weak global economy and tepid PC sales.

AMD warned last week that its second-quarter revenue could be down 11 percent from the first quarter. On Thursday, it estimated revenue in the current third quarter would fa ll 1 pe r cent from the second quarter, plus or minus 3 percent.

Analysts had forecast that AMD would see $ 1.50 billion in revenue for the current quarter, according to Thomson Reuters I/B/E/S.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below