Although AMD missed its quarterly predictions for a slight margin, the company announced that strong sales of 64-bit Athlon and Opteron processor families, drove the company to its fourth consecutive profitable quarter.
Third-quarter net income was $44 million, up sharply from the $31 million net loss AMD recorded in the third quarter of 2003. The strong sales growth in the processor division coupled with improved margins within AMD's flash memory business helped AMD record its highest profit in several quarters. Earnings per share were $0.12, in line with analyst estimates.
Third-quarter net income was $44 million, up sharply from the $31 million net loss AMD recorded in the third quarter of 2003. The strong sales growth in the processor division coupled with improved margins within AMD's flash memory business helped AMD record its highest profit in several quarters. Earnings per share were $0.12, in line with analyst estimates.
