Chipmaker AMD gives third-quarter revenue forecast above Street
By Noel Randewich SAN FRANCISCO (Reuters) – Advanced Micro Devices said on Thursday it expects third-quarter revenue to rise 22 percent on a sequential basis, exceeding Wall Street expectations, as it expands into new game consoles and other new markets to offset a slowing PC industry. AMD reported on Thursday second-quarter revenue of $1.161 billion, down from $1.413 billion in the year-ago quarter. It said third-quarter revenue would rise 22 percent, plus or minus 3 percent, compared with the June quarter. That increase would be about $1.416 billion. …
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