18.07.2013 22:29:43

AMD Posts Q2 Loss - Quick Facts

(RTTNews) - Advanced Micro Devices, Inc., or AMD, (AMD), Thursday reported second-quarter loss of $74 million or $0.10 per share, compared to a profit of $37 million or $0.05 per share in the comparable quarter last year.

Adjusted earnings for the quarter was $65 million or $0.09 per share. On average, 26 analysts polled by Thomson Reuters expected the company to report a loss of $0.13 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $1.16 billion from $1.41 billion last year. Analysts expected revenues of $1.11 billion.

Gross margins dropped to 40 percent from 45 percent last year.

Looking ahead to the third quarter, AMD expects revenue growth of 22 percent over prior-year quarter.

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