AMD Meets Second-Quarter Expectations

By Derek Sooman on July 15, 2004, 11:46 AM
"AMD posted a profit Wednesday, reporting second-quarter earnings that met analysts' expectations. "

"The chipmaker's second-quarter net income totaled $32 million, a 9 cent per share profit, on revenue of $1.3 billion for the quarter, which ended June 27. During the same quarter a year ago, AMD took in only $645 million, resulting in a $140 million, or 40 cents a share, loss."

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SOB said:
but, also said, it expects little to no rise in profits for the remaining quarter. shares are slipping in the after market. intel's lost 11 % IBM is performing well
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