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
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