AMD Continues to Stanch Bleeding

Susan Hall

Investors are so fickle! Cut your losses like AMD did in the third quarter and they're still not happy.

 

The chipmaker reported a loss of $128 million, or 18 cents a share, compared with a loss of $134 million, or 22 cents a share, a year ago. Revenue fell to $1.4 billion from $1.8 billion, according to MarketWatch. Analysts surveyed by Thomson Reuters had expected a loss of 42 cents a share on revenue of $1.26 billion. AMD has posted losses for 12 consecutive quarters.

 

Still, the stock price dropped and investors sold their shares.

 

Reuters quotes FTN Equity Capital Markets analyst JoAnne Feeney saying:

There's still some skepticism out there about their ability to sustain the success. But if you look carefully at the products that they're offering, and the quality is improving, they're becoming more appealing as a source for the major PC OEMS.


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