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

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

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.

Topics: Tech Industry

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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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