AMD Gives Lackluster Forecast as PC Slump Hurts Sales

Advanced Micro Devices Inc., the second-biggest maker of personal-computer processors, gave a lukewarm sales forecast for the third quarter, indicating that market-share gains against Intel Corp. won’t make up for a decline in PC demand.

Revenue in the period will be about $6.7 billion, AMD said in a statement Tuesday, compared with an average analyst estimate of $6.81 billion. The chipmaker’s shares fell more than 5% in extended trading following the announcement.