AMD Forecasts Current-Quarter Revenue Below Estimates

(Reuters) – Advanced Micro Devices (O:) forecast current-quarter revenue below Wall Street estimates on Tuesday, due to waning demand from console makers such as Sony (T:) and Microsoft (O:) ahead of new launches.

The company projected first-quarter revenue to be about $1.8 billion plus or minus $50 million, compared to analysts’ average estimate of $1.86 billion, according to IBES data from Refinitiv.

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