Chipmaker AMD reported mixed results for its first quarter, but beat expectations.
AMD reported a first-quarter net loss on Thursday of $590m ($366m), or 80 cents a share, on revenue of $1.59bn, down two percent from a year ago. Non-GAAP earnings were 12 cents a share. Wall Street was expecting AMD to report non-GAAP earnings of 9 cents a share on revenue of $1.56bn.
AMD said that non-GAAP earnings excluded a charge relating to a revised agreement with GlobalFoundries, SeaMicro acquisitions costs, restructuring and a tax benefit.
For more on this ZDNet UK-selected story, see AMD Q1 mixed, but better than expected on ZDNet.com.
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