AMD's quarterly revenue tops estimates
January 23, 2013 8:42 AM EST
Chipmaker Advanced Micro Devices posted higher-than-expected fourth-quarter revenue of $1.16 billion and a net loss of $473 million, or 63 cents a share, as it struggles with falling PC sales and consumers' growing preferences for smartphones and tablets.
In its report on Tuesday, AMD estimated revenue in the current first quarter would fall 9 percent from the fourth quarter, plus or minus 3 percent.
Analysts had expected $1.149 billion in revenue for the December quarter, according to Thomson Reuters I/B/E/S.
(Reporting By Noel Randewich)
Most Popular Slideshows
- Taylor Swift Named Forbes' Second Highest Paid Country Musician [PHOTOS]
- Forever Lost: Indescribable Anguish for Malaysia Airlines MH17 Families, Remains of Some Victims May Never Be Found (PHOTOS)
- Global Aviation Accidents: UN to Form Safety Task Force, Gov'ts Should Share Intelligence Info to Avert Future Incidents on Flying Over Warzones (PHOTOS)
- Lunch with the Gods: Pope Francis Eats with Vatican Workers in Cafeteria
Join the Conversation
- Samsung Galaxy S5 Alpha Leaks Online: Release Date, Five Features to Wait for New Smart Phone
- Sony Xperia Z3: Release Date, Five Features to Expect from New Android Smart Phone
- Photos of Motorola Moto X+1 Prototype and Specs Leak Online, Release Date, Four Fresh Features Revealed
- Nexus 6 Likely Confirmed as Motorola 5.9-Inch Phablet on Release Date – Report
- Xiaomi Mi4 vs. OnePlus One—Specifications, Features, Release Date and Price Showdown
- Transfer News: Ron Vlaar to Consider Villa Exit, May Move to Tottenham
- AS Roma's Seydou Keita Throws Water Bottle at Real Madrid defender Pepe for Spitting [VIDEO]
- The Mentalist Season 7 Spoilers: CBS Skips Simon Baker's Patrick Jane in Fall Schedule, Josie Loren Joins Cast
- Game of Thrones Season 5 Update: Maisie Williams Talks Arya Stark, Lady Stoneheart, and Surprises
- Transfer News: FC Barcelona, Man Utd to Compete for Juan Cuadrado's Signature as Fiorentina Reveal Willingness to Sell