Cybersecurity
AMD Projects Revenue Gains With Limited Margin Expansion
- Sales estimated to rise about 31 percent in the first quarter
- Company introduced new products in competition with Intel
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Advanced Micro Devices Inc., trying to make a dent in Intel Corp.’s dominance of computer processors, projected revenue will grow more quickly than some analysts had estimated, but gave a disappointing forecast for profitability.
First-quarter revenue will be about $1.55 billion, the Sunnyvale, California-based company said Tuesday in a statement. That indicates growth of about 31 percent from an adjusted total of $1.18 billion for the same period a year earlier and compares with an average analyst estimate for a 27 percent increase, according to data compiled by Bloomberg.