AMD reports better than expected Q1 earnings

Tagged: amd, Computer Hardware, Technology
Source: Fudzilla - Read the full article
Posted: 4 years 32 weeks ago

Stays in the green

In Q4 2009 AMD reported its first profitable quarter in years, and, according to Q1 earnings data released on Thursday, the company is staying in the green.

AMD reported revenues of $1.57 billion and profits of $257 million in the first quarter of 2010. A year ago, the outfit posted a $416 million loss and $1.18 billion of revenues. AMD also managed to beat its Q4 2009 results, but the company expects the upcoming quarter to be slightly down due to seasonal trends.

AMD CEO Dirk Meyer said that the results can be attributed to AMD's strong product portfolio and noted that recently introduced DirectX 11 graphics, as well as sever and mobile platforms, should continue to strengthen AMD's position.

AMD shares closed at $10.16 in regular trading, but it dropped under $10 in after-hours trading. Considering it was selling around the $2 mark some two years ago, some lucky investors should be more than pleased.

 

Comments

stealthhammer17
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Joined: 04/19/2010
Posts: 1

And thank God for that! Leveling the playing field means so much for gamers.

3dGameMan
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Joined: 12/31/2000
Posts: 5088

AMD is on a steady rise upwards these days.

Rodney Reynolds,
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