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

Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

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