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AMD reports better-than-expected results
While the company reported a net loss, it was smaller than forecast by analysts, and fourth-quarter revenue is expected to be up 'modestly'
AMD has reported a smaller-than-expected loss for the third quarter, and said it saw growth in unit shipments for its microprocessors and graphics chips.
The company reported a net loss of $128m, or 18 cents a share, on revenue of $1.4bn for the quarter ended on 30 September. The quarter was helped by a net gain of $54m, or eight cents a share, due to the repurchase of debt. AMD's operating loss was $77m. Wall Street was expecting a loss of 42 cents a share on revenue of $1.26bn, according to Thomson Reuters.
In terms of outlook, AMD said fourth quarter would be "up modestly".
For the full story on AMD posts third quarter loss, but moving in right direction, see ZDNet.com.