Advanced Micro Devices Inc. (AMD) Earnings Alert
Advanced Micro Devices Inc. warned Monday that it was unlikely to meet its first-quarter revenue guidance of $1.6 billion to $1.7 billion, the latest in a series of disappointments for investors in the struggling chip-maker. The company's stock fell to a new 52-week low on the news.
AMD is hurting from a brutal price competition with much-larger rival Intel Corp. and has been punished by investors for a product lineup that some say is in dire need of an upgrade.
Sunnyvale-based AMD did not disclose details of the revenue shortfall in a brief statement before financial markets opened Monday.
AMD is hurting from a brutal price competition with much-larger rival Intel Corp. and has been punished by investors for a product lineup that some say is in dire need of an upgrade.
Sunnyvale-based AMD did not disclose details of the revenue shortfall in a brief statement before financial markets opened Monday.
Labels: Advanced Micro Devices Inc., AMD
posted by Stock Administrator @ 9:14 PM
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