Shares of Advanced Micro Devices fell more than 3% in after-hours trading on Monday after the company pre-announced its second-quarter results, saying it expects lower-than-expected revenue
AMD said it expects revenue to decline 11% sequentially, citing "business conditions that materialized late in the second quarter, specifically softer-than-expected channel sales in China and Europe as well as a weaker consumer buying environment impacting the company's [manufacturing] business."
AMD will report results on Thursday, July 19
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