Price boosts strengthens AMD Q4
Way out of the woods
The Sunnyvale, California-based company turned in sales of $951.9m for the quarter ending December 30, down 19% on the year. However, AMD had said back in November that it expected sales to be flat to up in the high single digits on the $765.9m it reported in the third quarter. Despite the unexpected sales boost, the company still turned in a net loss of $15.8m, compared to a $178m profit the previous year. Proforma loss per share was $0.05, compared to the $0.18 loss per share Wall Street had been expecting.
Revenue was better than expected, the company said, because average selling prices for its processors "increased dramatically to $90" as it ramped up production of its Athlon XP family.
For the current quarter, the company expects a decline in revenues to $900m, which would result in a "small net loss". However, it said it still expects to return to profitability in the second quarter, and to report a profit for the year as a whole.
For the full year sales were $3.9bn, down 16.2%, while net losses were $60.6m, compared to the previous year's $983m profit.
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