AMD Falls After Supplier Disruption Crimps Sales Forecast
This article is for subscribers only.
Advanced Micro Devices Inc. shares plunged 14 percent after the second-largest maker of processors for personal computers cut its forecasts for third-quarter sales and profitability, citing manufacturing disruption.
Sales in the period ending Oct. 1 will rise 4 percent to 6 percent from the previous quarter, the Sunnyvale, California-based company said in a statement late yesterday. That compares with an earlier prediction for growth of about 10 percent.