Tags: amd | slashes | sales | outlook

AMD Slashes Sales Outlook on Europe, China Weakness

Monday, 09 Jul 2012 04:49 PM

Advanced Micro Devices Inc. said its second-quarter sales will fall 11 percent from the previous period, reducing an earlier forecast that sales would rise as much as 6 percent.

AMD attributed the new forecast to slower-than-expected channel sales in China and Europe, as well as weaker consumer spending.

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