Tough quarter for AMD
Hoping for a strong finish to the year, AMD instead reported revenue of $1.24 billion in the fourth quarter, down 13 percent sequentially and 22 percent year-over-year. The Sunnyvale chip designer also reported an operating loss of $330 million and a net loss of $364 million, or $0.47 per share for the quarter, leading to a net loss for the year of $403 million, or $0.53 per share.
“We made progress diversifying our …read more
