AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an increase of 14 percent over the previous year.
With its business operations, AMD has a gain of $ 41 million generated, but this was not sufficient to compensate for losses in other areas. “We are delighted that we have achieved our goal and in operations are profitable again,” said Robert J. Rivet, AMD’s CFO. “Our gross margin in the last quarter, we increased to 51 percent.” Last year the gross margin was 41 percent.
The sale of microprocessors in the quarter was $ 1.391 billion with the largest share of total sales. Compared to the previous processor sales increased by eight percent, while the number of chips sold, fell slightly. Higher growth rates achieved by the company graphics chips. Compared to third quarter 2007, sales of this division rose by 40 percent to 385 million dollars.
For the fourth quarter, AMD expects a similar result for the period July to September. The stock market reacted positively to the quarterly figures of the company: In after hours trading, the price of AMD shares rose by around 13 percent to 4.66 dollars.
AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an [...]
AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an [...]
AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an [...]
AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an [...]
AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an [...]
AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an [...]
AMD has reduced its net loss in the third quarter to $ 67 million or 11 cents per share. A year ago, the chip maker reported another loss of 396 million dollars. Revenues for the same period at $ 1.776 billion, representing an increase of 32 percent versus the second quarter of 2008 and an [...]
