AMD reported revenue of $1.16 billion, down from $1.69 billion in 2011, but still slightly above analyst estimates of $1.15 billion.
From Fudzilla:
From Fudzilla:
AMD managed to beat analyst expectations, despite seeing its revenue slide 32 percent year-on-year in the fourth quarter of 2012.AMD beats expectations on stagnant revenue
AMD reported revenue of $1.16 billion, down from $1.69 billion in 2011, but still slightly above analyst estimates of $1.15 billion. AMD’s net loss was $473 million, up from $177 million in Q4 2011 and the figure includes a $209 million charge for reducing its purchasing obligations to Globalfoundries. Sans one-time charges, AMD would have reported a loss of $0.14 per share, significantly lower than $0.20 expected by analysts.
