AMD to miss revenue target
AMD's revenue for the second quarter is expected to be $1.21 billion, a 52 percent increase compared with the same period last year. However, analysts had been expecting AMD to record $1.3 billion in revenue, according to estimates polled by Thomson First Call.
When AMD reported its first-quarter results in April, it said it expected second-quarter revenue to be flat to slightly down, in line with normal seasonal expectations. But $1.21 billion in revenue is a 9 percent decrease compared with the first quarter.
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