Advanced Micro lowers Q3 revenue guidance (6.15 -0.34)
Co announces that revenue for the third quarter ending Oct. 1, 2011 is expected to increase four to six percent as compared to the second quarter of 2011. The company previously forecasted third quarter 2011 revenue to increase 10 percent, plus or minus two percent, from the second quarter of 2011. Current consensus calls for a 9.1% increase over last qtr. In addition, AMD expects third quarter gross margin to be approx 44 to 45%. The company previously forecasted third quarter 2011 gross margin to be approximately 47 percent. 9.1%
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