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AMD suffered $600 million loss in Q2 2007

Posted on Friday, July 20 2007 @ 01:04:25 CEST by


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.


 



 

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