AMD first quarter results are poor

AMD reported first quarter 2007 revenue of $1.233 billion, an operating loss of $504 million, and a net loss of $611 million, or $1.11 per share.

These results include ATI acquisition-related and integration charges of $113 million, or $0.21 per share, and employee stock-based compensation expense of $28 million, or $0.05 per share.

In the fourth quarter of 2006, AMD reported revenue of $1.773 billion and an operating loss of $529 million.

In the first quarter of 2006, AMD reported revenue of $1.332 billion and operating income of $259 million.

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Jim Love, Chief Content Officer, IT World Canada

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