AMD improves upon second-quarter earnings estimates

AMD improves upon second-quarter earnings estimates

Summary: The company has reported its second quarter results, which were better than Wall Street expected despite a net loss

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TOPICS: Tech Industry
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AMD reported better than expected second quarter results as demand for laptops helped the chipmaker beat estimates.

On Thursday, AMD reported a net loss of $43m (£28m), or 6 cents a share, on revenue of $1.65bn, up from $1.18bn a year ago. Non-GAAP earnings were $83bn, or 11 cents a share. Wall Street was expecting AMD to report earnings of 6 cents a share on revenue of $1.54bn.

Like Intel, AMD's much larger rival, the company said that it was benefiting from increased demand for PCs. Both Intel and research firms such as Gartner and IDC have indicated that a strong upgrade cycle is underway.

For more on this story, see AMD's delivers better-than-expected second quarter on ZDNet.com.

Topic: Tech Industry

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