AMD suffered $600 million loss in Q2 2007

Posted on Friday, Jul 20 2007 @ 01:04 CEST by Thomas De Maesschalck
AMD announced its second quarter financial results, the company had a loss of $600 million. In the same period a year ago AMD had a profit of $89 million. That's a loss of $1.09 per share, compared to a profit of 18 cents per share last year.

The company's revenue increased from $1,216 million to $1,378 million, but margins dropped from 57% in Q2 2006 to only 33% this year.

However, AMD's stock did increase after the financial numbers rolled in because sales were better than analysts expected.

AMD's CFO Robert Rivet said they've made solid progress across a number of fronts in the second quarter, but that they need to improve their financial results.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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