(Bloomberg) — Advanced Micro Devices Inc. gave a lackluster forecast for the current period, suggesting the chipmaker is benefiting less than rival Intel Corp. from the surge in spending on computing to support working from home.Second-quarter revenue will be about about $1.85 billion, Santa Clara, California-based AMD said Tuesday in a statement. That compares with the average analyst estimate of $1.88 billion, according to data compiled by Bloomberg. The company said it expects annual sales growth of about 25%, which also may fall short of analysts’ projections.AMD’s stock fell about 4% in extended trading. The shares, which traded at $2.87 …read more
Source:: Yahoo Finance
