The processor firm says their revenue will be lower than expected because the average price of CPUs has dropped.
Analysts expect AMD will announce a revenue growth of 3% compared to Q3 2006, in which AMD had a revenue of $1.33 billion. Note: these numbers are without the revenue of ATI, which was recently acquired by AMD.
AMD's Q4 2006 financial results will be published on January 23, 2007. In the hours after this announcement, AMD's stock dropped more than 11%. At the moment of writing AMD's stock has dropped 11.69% from $20.18 to $17.82.