Advanced Micro Devices (AMD)

AMD (NYSE:AMD) Thursday reported revenue for the third quarter of 2009 of $1.396 billion, an increase of 18 percent compared to the second quarter of 2009, but a decrease of 22 percent compared to the third quarter of 2008. AMD third quarter showed a net loss attributable to AMD common stockholders of $128 million, or $0.18 per share, which includes a net favorable impact of $54 million, or $0.08 per share, primarily from a $66 million gain from the repurchase of debt. AMD’s operating loss was $77 million in the quarter.
AMD expressed optimism about future, saying it expects its product Company revenue to be up modestly for the fourth quarter of 2009.

Oct 15 · 4:30:00 PM · Source: Business Wire
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by Larry Etter