AMD has record $1.65B second quarter, still loses a little money

Source: http://www.engadget.com/2010/07/16/amd-has-record-1-65b-second-quarter-still-loses-a-little-money/

First, the good news: AMD pulled in $1.65 billion in revenue -- a record for the second quarter! Now, the bad news: the company still lost money. Just a (relatively) little bit, though, with a net loss of $43 million or $.06 per share. That's five percent more revenue than the first quarter of 2010, and a massive 40 percent boost over the second quarter of 2009, in which it lost $330 million net. What changed? Sales of graphics hardware in particular, up eight percent over last quarter and a huge 87 percent from last year, driven by success of the Radeon HD 5000 series graphics cards. Likewise, sales of mobile processors were up 18 percent over last quarter. Net profitability? Keep this up, AMD, and it's not far off.

AMD has record $1.65B second quarter, still loses a little money originally appeared on Engadget on Fri, 16 Jul 2010 08:24:00 EDT. Please see our terms for use of feeds.

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