AMD cuts revenue outlook on weak demand

Summary:AMD said weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America, is to blame.

AMD said Thursday that it will deliver third quarter revenue of about US$1.65 billion and miss Wall Street estimates.

In a statement, AMD said sales will be down one percent to four percent from the second quarter. AMD cited "weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America".

Wall Street was expecting AMD to deliver earnings of 12 cents a share on revenue of US$1.72 billion.

Read more of "AMD cuts revenue outlook on weak demand" on ZDNet.

Topics: Hardware, IT Employment, Mobility, Tablets

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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