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The company’s shares fell 2.5% in after-market trading, dragging those of peers Nvidia (NASDAQ:NVDA) Corp and Intel Corp (NASDAQ:INTC).
“The PC market weakened significantly in the quarter,” Chief Executive Officer Lisa Su said in a statement.
The company said it expects third-quarter revenue of about $5.6 billion. That compares with its forecast in August of $6.7 billion, plus or minus $200 million.
