AMD cuts sales forecast for quarter

Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, cut its quarterly sales forecast, citing weakened demand across all its businesses.

Sales will fall about 25% from $1.59 billion in the third quarter, excluding process technology license revenue, the Sunnyvale, Calif., company said.

The revised forecast indicates sales of about $1.19 billion in the quarter ending Dec. 27. That misses the $1.53-billion average analyst estimate compiled by Bloomberg.