AMD forecasts first-quarter revenue below expectations

AMD forecasts first-quarter revenue below expectations

(Reuters) – Advanced Micro Devices on Thursday forecast first-quarter revenue below Wall Street estimates on fears of fewer orders due to worsening PC demand and slowing data center market.

The company forecast current-quarter revenue of $5.3 billion, plus or minus $300 million. Analysts on average expected revenue of $5.48 billion, according to Refinitiv data.

(Reporting by Chavi Mehta in Bengaluru; Editing by Anil DSilva)

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