Despite what JennyH said in another thread, AMD posted a loss of $128 million.
http://www.reuters.com/article/pressRelease/idUS197097+15-Oct-2009+BW20091015
While this may sound like bad news, it's actually good news. AMD beat analysts' expectations and is getting closer to the black.
Will Q4 be their quarter? I still don't think so, but it looks distantly possible now.
http://www.reuters.com/article/pressRelease/idUS197097+15-Oct-2009+BW20091015
SUNNYVALE, Calif.--(Business Wire)--
AMD1 (NYSE:AMD) today reported revenue for the third quarter of 2009 of $1.396
billion. Third quarter 2009 revenue increased 18 percent compared to the second
quarter of 2009 and decreased 22 percent compared to the third quarter of 2008.
In the third quarter of 2009, AMD reported a net loss attributable to AMD common
stockholders of $128 million, or $0.18 per share, which includes a net favorable
impact of $54 million, or $0.08 per share, primarily from a $66 million gain
from the repurchase of debt as described in the table below2. AMD`s operating
loss was $77 million.
In the second quarter of 2009, AMD had revenue of $1.184 billion, a net loss
attributable to AMD common stockholders of $330 million and an operating loss of
$249 million. In the third quarter of 2008, AMD had revenue from continuing
operations of $1.797 billion, a net loss attributable to AMD common stockholders
of $134 million and an operating income of $122 million.
While this may sound like bad news, it's actually good news. AMD beat analysts' expectations and is getting closer to the black.
Will Q4 be their quarter? I still don't think so, but it looks distantly possible now.