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AMD Advanced Micro Devices Inc

146.5001
2.23 (1.55%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Advanced Micro Devices Inc NASDAQ:AMD NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.23 1.55% 146.5001 146.50 146.52 147.62 141.16 145.55 50,071,728 00:59:55

AMD Sees 1Q Revenue About 15% Below 4Q's Number

20/01/2015 10:20pm

Dow Jones News


Advanced Micro Devices (NASDAQ:AMD)
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Advanced Micro Devices Inc. expects first-quarter revenue to be about 15% below the fourth-quarter figure of $1.24 billion reported Tuesday.

The projection indicates revenue of roughly $1.05 billion. Analysts polled by Thomson Reuters were expecting revenue of $1.2 billion.

AMD said "we continue to address channel headwinds in the computing and graphics segment and are taking steps to return it to a healthy trajectory beginning in the second quarter of 2015."

In late trading, AMD shares were down 1.8% to $2.20.

Lisa Su, who became chief executive of AMD in October, said in a statement that "we made progress diversifying our business, ramping design wins and improving our balance sheet this past year despite challenges in our PC business." She said revenue in Enterprise, Embedded and Semi-Custom areas increased more than 50% last year.

Write to Josh Beckerman at josh.beckerman@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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