AMD announced a multimillion-dollar loss

April 24, 2009, 12:36 pm

amd announced a multimillion-dollar loss   American microprocessor manufacturer AMD has published the results of this week for the first quarter. AMD representatives said that the losses caused by the crisis, which was reflected in falling demand for computers and the decline in their value (eg, laptops).
For the first three months of the year the company lost $ 416 million, or 66 cents per share. A year ago, the losses were slightly less - $ 364 million, or 60 cents per share. Wall Street analysts have a more optimistic projections - the loss at 63 cents per share.
In the second quarter AMD will not go to profit. According to Bob Rive (Bob Rivet), the financial director of the company to go in, plus, the income the company must make at least $ 1 3 billion in first quarter profit was $ 1, 18 billion, an increase of 21% less than the result of a year ago, but 196 million exceeds the forecasts of analysts.


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