AMD forecasts fourth-quarter revenue below estimates

AMD forecasts fourth-quarter revenue below estimates

Chip designer Advanced Micro Devices on Tuesday forecast fourth-quarter revenue below Wall Street estimates, saying a slowing PC market and data center business would weigh on its sales.

The company expects current-quarter revenue to be US$5.5 billion, plus or minus US$300 million. Analysts on average expect revenue to be US$5.85 billion, according to Refinitiv data.

 

 

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