Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 28 October 2011 12:09

AMD posts strong results, beats expectations

Written by



Mobile Llanos save the day


Chipmaker AMD has announced its Q3 earnings and the outfit was happy to report that it managed to stay in the black despite some rather bleak forecasts.

AMD managed to beat analysts’ expectations and raked up $1.69 billion in revenue with 4.5 percent of growth, topping the $1.65 billion estimate. AMD’s new CEO Rory Read attributed the good showing to the success of AMD mobile APUs, which gained market share in developing markets.

“We are already seeing steady improvements. But we are not out of the woods yet,” he said.

AMD’s Q3 net income was $97 million, a major improvement year-on-year, since the outfit lost $118 in Q3 2010. Per share, AMD’s profit was 13 cents, well over the 9 cent estimates compiled by Bloomberg. AMD hopes to deliver sales between $1.71 and $1.77 billion in Q4, with sequential growth of between 1 and 5 percent.

The positive results seem to have surprised the market and AMD shares gained by about 5 percent following the report. One has to wonder whether the results would have been even better had Llano not been plagued by yield issues since its introduction.

blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments