AMD posts narrower loss on demand for graphic chips
Tweet
Share
E-mailGet Alerts AMD Hot Sheet
Price: $615.52 +9.95%
Revenue Growth %: +40.2%
Financial Fact:
Interest expense: -41M
Today's EPS Names:
ALZN, ASPU, OCCI, More
Revenue Growth %: +40.2%
Financial Fact:
Interest expense: -41M
Today's EPS Names:
ALZN, ASPU, OCCI, More
Join SI Premium – FREE
(Reuters) - Chipmaker Advanced Micro Devices Inc (NASDAQ: AMD) reported a smaller loss for the fourth quarter as its revenue was boosted by strong demand for its graphic chips used in gaming consoles and a stabilizing PC market.
AMD's net loss narrowed to $51 million, or 6 cents per share, in the quarter ended Dec. 31 from $102 million, or 13 cents per share, a year earlier.
Revenue rose 15.4 percent to $1.11 billion.
(Reporting by Rishika Sadam and Laharee Chatterjee in Bengaluru; Editing by Savio D'Souza)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- AMD (AMD) reaches $1 trillion market cap
- Latvian PM opposes deal to lift sanctions on Russia-linked billionaires Usmanov and Fridman
- AMD (AMD) call put ratio 1.6 calls to 1 put as share price up 8.8%
Create E-mail Alert Related Categories
Earnings, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
