AMD Posts Loss but Beats Expectations

Advanced Micro Devices Inc., which specializes in the sale of notebook processors, managed to avoid posting a loss as large as most analysts expected after an unexpectedly strong rally in sales toward the end of the quarter. While AMD’s results helped the struggling company to turn its core chipmaking business profitable, the results were not received well by investors and AMD’s shares dropped.
AMD has posted twelve consecutive quarters of losses, the latest of which resulted in a 5 percent slide in the value of its shares. This follows a 60 percent rally over the past three months as investors began …read more