Tech
AMD cuts revenue outlook on weak demand
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.