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

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.

Topics: Tech Industry

About

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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