According to foreign media reports, AMD warned that in fiscal year 2012 revenue at second-quarter will be lower than originally expected. Under the stimulus of this message, The shares of AMD was down 29 cents on monday afternoon, a decrease of 5.2%, the trading price is $ 5.33. AMD said it expects at the second quarter of fiscal year 2012 revenue will be lower than the 11%. AMD's previous forecast at second-quarter revenue growth is 3%. This means that AMD's revenue at second-quarter is of $ 1.42 billion, below expectations of $ 1.63 billion from Wall Street. AMD reported at first-quarter in 2012 revenue is $ 1,590,000,000. AMD's revenue at second-quarter is of $ 1.57 billion in 2011.AMD said revenue is lower than expected is mainly due to business conditions relatively late in the second quarter, sales channels in China and Europe are lower than expected sales.AMD said it expects gross margins are in line with previous expectations, operating expenses decreased by 8% than the previous forecast of $ 605 million. This is the result of AMD's second-quarter tight rein on spending. |
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AMD Expect At Q2 Revenue Of Chain Will Be Down 11% According