Investing
AMD (AMD): More Of The Same, Which Is Not Good
Published:
Last Updated:
AMD (AMD) had another dreadful quarter. It is a wonder that the NYSE even lets the company keep its membership card. The firm reported third quarter 2008 revenue from continuing operations of $1.776 billion, up 14% compared to last year.
AMD’s graphics product revenue did do well, moving up 55% sequentially from the second quarter.
Gross margins across the company were 51% compared with 52% in Q2 and 41% in Q3 last year.
AMD had operating income of $131 million compared to a loss of $181 in the same quarter last year.
Guidance was poor. AMD said revenue for Q4 will be flat with Q3.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
