{"id":1835,"date":"2008-07-17T20:51:16","date_gmt":"2008-07-17T20:51:16","guid":{"rendered":"tag:www.legitreviews.com:\/\/a51b905437d9c61ac05e7ea335e50d3f"},"modified":"2008-07-17T20:51:16","modified_gmt":"2008-07-17T20:51:16","slug":"amd-reports-second-quarter-results-7th-straight-loss","status":"publish","type":"post","link":"https:\/\/computerhunter.us\/?p=1835","title":{"rendered":"AMD Reports Second Quarter Results – 7th Straight Loss"},"content":{"rendered":"

AMD today reported second quarter 2008 revenue from continuing operations of $1.349 billion, a seven percent decrease compared to the first quarter of 2008 and a three percent increase compared to the second quarter of 2007. As part of its previously communicated review of its non-core businesses, AMD decided to divest its Handheld and DTV product businesses, and therefore is classifying them as discontinued operations for financial reporting.
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In the second quarter of 2008, AMD reported a net loss of $1.189 billion, or $1.96 per share. For continuing operations, the second quarter loss was $269 million, or $0.44 per share, and the operating loss was $143 million. The results for continuing operations include a net favorable impact of $97 million, or $0.16 per share as described in the table below. Loss from discontinued operations was $920 million, or $1.52 a share, including asset impairment charges of $876 million, or $1.44 a share.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

AMD today reported second quarter 2008 revenue from continuing operations of $1.349 billion, a seven percent decrease compared to the first quarter of 2008 and a three percent increase compared to the second quarter of 2007. As part of its previously communicated review of its non-core businesses, AMD decided to divest its Handheld and DTV product businesses, and therefore is classifying them as discontinued operations for financial reporting.
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In the second quarter of 2008, AMD reported a net loss of $1.189 billion, or $1.96 per share. For continuing operations, the second quarter loss was $269 million, or $0.44 per share, and the operating loss was $143 million. The results for continuing operations include a net favorable impact of $97 million, or $0.16 per share as described in the table below. Loss from discontinued operations was $920 million, or $1.52 a share, including asset impairment charges of $876 million, or $1.44 a share.<\/p>\n<\/blockquote>\n

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