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AMD Q3 losses not as bad as expected

AMD Q3 losses not as bad as expected

AMD has posted better than expected third quarter results today. Although the company did detail a loss, it was a lot less than analysts expected.

The loss, at 18 cents a share, compares with a loss of $134 million, or 22 cents a share, for the same period last year. Analysts had expected a loss of 42 cents a share. Revenue was $1.4 billion, an 18 percent increase over the second quarter of this year, while falling 22 percent compared to the third quarter of 2008. Forecasts had called for only $1.3 billion in revenue.

With the financial help of Apple AMD’s situation is a lot more positive than many expected last month.

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Stuart Davidson

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