January 28, 2020 / 9:22 PM / a month ago

AMD forecasts current-quarter revenue below estimates

Jan 28 (Reuters) - Advanced Micro Devices Inc forecast current-quarter revenue below Wall Street estimates on Tuesday, due to waning demand from console makers such as Sony and Microsoft ahead of new launches.

The company projected first-quarter revenue to be about $1.8 billion plus or minus $50 million, compared to analysts’ average estimate of $1.86 billion, according to IBES data from Refinitiv. (Reporting by Amal S in Bengaluru; Editing by Sriraj Kalluvila)

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