This seems to suggest that it will scrape together a revenue of roughly $1.05 billion. The cocane nose jobs of Wall Street expected a revenue of $1.2 billion so they are expected to be shouting wildly. However in late trading, AMD shares were up 1.3 per cent to $2.27. Maybe honesty pays off.

AMD said "we continue to address channel headwinds in the computing and graphics segment and are taking steps to return it to a healthy trajectory beginning in the second quarter of 2015."
Lisa Su, who became chief executive of AMD in October, said in a statement that "we made progress diversifying our business, ramping design wins and improving our balance sheet this past year despite challenges in our PC business." She said revenue in Enterprise, Embedded and Semi-Custom areas increased more than 50 per cent last year.

In October, shortly after Su replaced Rory Read as CEO, AMD announced a restructuring that would trim AMD's workforce by about 7 per cent. AMD had 10,149 employees at the end of the third quarter. AMD also projected fourth-quarter revenue would decline about 13 per cent sequentially.

AMD has moved to reduce its reliance on chips for PCs. AMD has managed to place technology in the latest game consoles from Sony Cop. and Microsoft. The company noted Tuesday that demand has been strong for these new consoles.

Its market share has dwindled in chips for PCs and server systems, businesses that account for much of its revenue.

For the quarter ended December 27, AMD posted a net loss of $364 million compared with a profit of $89 million a year ago. Excluding restructuring charges and other items, AMD results were break-even on a per-share basis. Analysts had expected a profit of one cent.

Revenue fell 22 per cent year-over-year to $1.24 billion, in line with the company's October forecast.