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Advanced Micro Devices Inc Lowers Q3 2012 Revenue Guidance


Thursday, 11 Oct 2012 04:16pm EDT 

Advanced Micro Devices, Inc. announced that for third quarter of 2012, it expects revenue to decrease approximately 10% sequentially. The Company previously forecasted third quarter of 2012 revenue to decrease 1%, plus or minus 3%, 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. The Company reported revenue of $1.41 billion for second quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $1.38 billion for third quarter of 2012. 

Company Quote

3.82
0.01 +0.26%
17 Sep 2014