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jmke 16th October 2009 14:31

AMD Posts Q3 Loss Smaller than Analysts Expected
Intel is by far the largest chipmaker in the world with AMD trailing in a distant second place. AMD announced its Q3 financials this week and again posted a significant loss for Q3 2009. However, despite the loss, executives believe that AMD is poised for a turnaround.

AMD's Q3 ended on September 26 and analysts expected the company to post a loss of about 42 cents per share with revenue of $1.26 billion. AMD surprised analysts by posting a smaller loss than expected. AMD posted a loss of $128 million or 18 cents per share on $1.39 million in revenue.

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