Chipmaker AMD posts net loss for first quarter
SAN FRANCISCO, April 17
SAN FRANCISCO, April 17 (Reuters) - Chipmaker Advanced Micro Devices Inc posted a net loss for the first-quarter as it struggles to replace dwindling sales of PC chips with processors for game consoles.
The net loss was $20 million, or 3 cents per share, in the March quarter, compared with a loss of $146 million, or 19 cents per share a year earlier. Excluding items, AMD earned 2 cents per share.
Revenue rose 28 percent to $1.40 billion in the first quarter. Analysts on average had expected $1.34 billion, according to Thomson Reuters I/B/E/S. (Reporting by Noel Randewich; Editing by Tom Brown)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- A Minute With: Shailene Woodley on teen sex, violence and Marvel
- Attack on parliament, killing of soldier stun Canada's capital |