AMDus third quarter net loss falls by $223m

by CXOtoday Staff    Oct 20, 2003

Microchip manufacturer Advanced Micro Devices, declared a sharply lower third-quarter loss on its sales that shot up by 88%.

The surging sales figure is due to an increase in demand for AMDs microprocessors and flash-memory used in cell phones.

AMD posted a third-quarter net loss of $31m this year, in comparison to a net loss of $254.2m, a year earlier. Sales figures stood at $954m, almost double in comparison to $508.2 m a year ago, growing on a global basis.

Sales figures surpassed Wall Street expectations, and the company predicts that its current quarter sales would rise even further, based both on seasonal demand and consumer interest in its 64-bit line of processors.

Tags: Loss, AMD