Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday January 22, 2014

AMD Swings To Profit; Outlook Weak

AMD's 4th quarter results were a "good news, bad news" scenario.

AMD on Tuesday reported a fourth-quarter profit of $89 million, or 12 cents a share, compared with a loss of $473 million, or 63 cents a share, for the year-earlier period. Revenue rose to $1.59 billion from $1.16 billion. Adjusted profit was 6 cents a share. Analysts polled by FactSet on average were expecting the chip maker to report a profit of 5 cents a share, on revenue of $1.54 billion. For the current quarter, AMD expects revenue to decrease by 16%, plus or minus 3%, sequentially.