Today's Hard|Forum Post
Today's Hard|Forum Post

Monday July 06, 2015

AMD Cuts Revenue Estimate, Citing Weak PC Sales

It looks like AMD's stocks took a hit today after the company cut its revenue estimate to below what analysts were expecting.

Chipmaker Advanced Micro Devices Inc lowered its revenue estimate for the second quarter, below analysts' average estimate, saying the demand for personal computers was weaker-than-expected. AMD's shares fell as much as 15 percent to $2.10 in extended trading, after the company also cut its adjusted gross margin forecast for the quarter ended June 27.