AMD reports weak demand in third quarter

AMD reports weak demand in third quarter

Summary: The chipmaker has said that it will miss Wall Street analysts' predictions for the third quarter, blaming lower-than-expected demand

SHARE:
TOPICS: Tech Industry
0

AMD has warned shareholders that it will miss Wall Street analysts' earnings estimates for the third quarter of 2010.

ZDNet UK free iPhone app

Get ZDNet UK's free iPhone app through iTunes

Get the latest in news, blogs and reviews from ZDNet UK sent straight to your iPhone -- for free.

Download the free app here+

In a statement on Thursday, the chipmaker said it will deliver third-quarter revenue of about $1.65bn (£1.05bn). It added that sales in the quarter will be down between one and four percent compared with the second quarter, citing "weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America".

Financial analysts were expecting AMD to deliver earnings of 12 cents a share on revenue of $1.72bn in the quarter.

For more on this ZDNet UK-selected story, see AMD cuts revenue outlook on weak demand on ZDNet.com.

Topic: Tech Industry

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Talkback

0 comments
Log in or register to start the discussion