AMD posts narrower loss on demand for graphic chips
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Price: $505.52 -2.99%
Revenue Growth %: +40.2%
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Revenue Growth %: +40.2%
Financial Fact:
Gross margin: 59M
Today's EPS Names:
VIVO, BIOX, PMCB, More
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(Reuters) - Chipmaker Advanced Micro Devices Inc (NASDAQ: AMD) reported a smaller loss for the fourth quarter as its revenue was boosted by strong demand for its graphic chips used in gaming consoles and a stabilizing PC market.
AMD's net loss narrowed to $51 million, or 6 cents per share, in the quarter ended Dec. 31 from $102 million, or 13 cents per share, a year earlier.
Revenue rose 15.4 percent to $1.11 billion.
(Reporting by Rishika Sadam and Laharee Chatterjee in Bengaluru; Editing by Savio D'Souza)
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