SAN FRANCISCO -- Advanced Micro Devices ( AMD) will have a tough act to follow after Intel's ( INTC)blistering third-quarter results that blew away Wall Street estimates. Intel boosted its sales 16% thanks to strong demand for PC microprocessors -- market conditions that could benefit AMD as well. But expectations for AMD, which will report its results after Thursday's market close, are not encouraging. The average analyst estimate calls for AMD to post a loss of 62 cents per share, according to Thomson Financial. Revenue is expected to be $1.52 billion vs. $1.33 billion at this time a year ago. Last year's results did not include contributions from ATI, the Canadian graphics chip company that AMD acquired for $5.4 billion in October 2006 . Once the ATI results are backed out, AMD's revenue growth appears to be flat year over year. American Technology Research analyst Doug Freedman predicts another quarter of "sub-optimal revenue growth" as AMD battled Intel with an uncompetitive product portfolio in most market segments. Despite AMD's release of its most significant chip in years during the third quarter, investors may not see an immediate turnaround in the company's fortunes. In September, the company unveiled its long-awaited Barcelona microprocessor , filling a gaping hole in its product lineup. While Barcelona gives AMD a much-needed quad-core chip -- nearly a year after rival Intel released its first quad-core processors -- the product's impact on AMD's income statement is likely to be muted.