http://www.blogcdn.com/www.engadget.com/media/2011/04/11x0422nggn781.jpg
Well, things are looking slightly better for AMD this quarter. While revenues continued to decline the company actually posted a profit of $37 million, a stark contrast to $590 million](http://www.engadget.com/2012/04/19/amd-reports-net-loss-of-590-million-for-q1-2012-calls-that-so/) net loss from last quarter. Still, with revenues down 11 percent sequentially and 10 percent year-over-year to just $1.41 billion the company isn’t meeting expectations. Earnings per share were aticipated to hit $0.07, but the Sunnyvale crew only managed an EPS of $0.05. The company blames the softening PC market for its continued struggles, especially in the desktop space where it has traditionally enjoyed more success. It continues to plug away with its A and E series APUs, but it’s still struggling to make much of a dent in a world increasingly dominated by Intel. The Computing Solutions division saw its revenues decrease 13 percent both sequentially and year-over-year, while the GPU department was down five percent for the quarter, but steady compared to the same time last year. For more detail hit up the source link.
Filed under: Misc. Gadgets
AMD reports Q2 earnings: continues to see revenues drop, $37 million net income originally appeared on Engadget on Thu, 19 Jul 2012 17:12:00 EDT. Please see our terms for use of feeds.
Permalink |
http://www.blogsmithmedia.com/www.engadget.com/media/post_label_source.gif
AMD | Email this | Comments