Advanced Micro Devices (AMD) earnings on Fri 20 July 2012

Advanced Micro Devices Inc. (AMD, $4.28, -$0.58, -11.93%) reported dismal second-quarter results and said the weakness would continue into the current period as the chip maker is hurt by softening consumer demand for PCs, particularly in China and Europe. The company also forecast third-quarter revenue below analyst expectations.

 ** weekly **