AMD (AMD): Nothing Ventured And Nothing Gained
October 18, 2007 by Douglas A. McIntyreInvestors hoped for big thing from AMD (AMD) moving shares up over 3% in the regular session to $14.56. Analysts were looking for AMD to report a loss per share of 62 cents on revenue of $1.5 billion.
AMD reported third quarter 2007 revenue of $1.632 billion a 23 percent improvement compared to the third quarter of 2006.AMD reported an operating loss of $226 million, and a net loss of $396 million, or $0.71 per share.
Third quarter 2007 gross margin was 41 percent, compared to 33 percent in the second quarter of 2007 and 51 percent in the third quarter of 2006.
The company’s guidance barely existed. It said in the seasonally up fourth quarter, AMD expects revenue to increase in line with seasonality.
Please, speak English.
The shares were fairly flat on the news
Douglas A. McIntyre
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