U.S. chip maker, Advanced Micro Devices (AMD) warned that the company's revenue at second quarter may fall 11 percent over the previous quarter, due to the Chinese and European sales are weaker than expected, the consumer market is not active, which leads to the company's after-hours stock price fell 6%. The company previously forecasted at second quarter revenue would grow 3 percent compared with the first quarter ,the tolerance was 3 percentage points. Alex Gauna from JMP Securities said, Chinese sales are weaker than expected is also reflected in the England Hill & Knowlton (Nvidia) (NVDA.O: Quote) and Intel (INTC.O: Quote, Profile, Research) on the latest forecast. The performance of NVIDIA and Intel are better than Advanced Micro Devices,He said. On the European side, Gauna said from the view of the current economic situation, the revenue decline as early as expected, but he said the impact of Advanced Micro Devices, especially because it has been in a more low-end PC market. Before the profit warning, Advanced Micro Devices Inc. reported at first-quarter loss amounted to $ 590,000,000. The company reiterated its previously proposed in the second quarter gross margin forecast in April, the gross margin will be flat or grow slightly compared with the previous quarter.Advanced Micro Devices Inc. said at second-quarter operating expenses will be 8 percent which is less than the previous forecast of $ 605 million. Advanced Micro Devices, after-hours stock price fell nearly 6 percent to $ 5.30, the regular trading session is closed at $ 5.62. |
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Advanced Micro Devices Warned At Second Quarter Revenue Woul