(http://www.blogcdn.com/www.engadget.com/media/2013/04/amd.jpg) (http://www.engadget.com/2013/04/18/amd-q1-2013-earnings/)
Just two days after the earnings report of its storied rival (http://www.engadget.com/2013/04/16/intel-reports-q1-earnings-12-6-billion-revenue/), AMD has followed suit with a Q1 2013 balance sheet of its own. The company reported a net loss for the quarter of $146 million, which stings, but isn't quite so painful as the $473 million loss that it took just one quarter earlier (http://www.engadget.com/2013/01/22/amd-q4-2012-earnings/). Meanwhile, AMD's revenue of $1.09 billion is more or less flat from the previous quarter, but has fallen by $500 million since Q1 of the previous year. The announcement was enough to make investors wince, as AMD's stock price is now declining in after-hours trading. As for a silver lining, AMD emphasized that its gear will power the upcoming PS4 (http://www.engadget.com/2013/02/20/sony-details-playstation-4-specs-8-core-amd-jaguar-cpu-8x-bl/). If Microsoft were to make a similar decision (http://www.engadget.com/2013/04/08/bloomberg-durango-amd/), then perhaps AMD could turn its financial frown upside-down.
Filed under: AMD (http://www.engadget.com/category/amd/)
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Source: AMD (http://phx.corporate-ir.net/phoenix.zhtml?c=74093&p=irol-newsArticle&ID=1808428&highlight=)
Via: Engadget