DALLAS, Sept. 27, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Advanced Micro Devices Inc. (NYSE:AMD). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Advanced Micro Devices Inc. (AMD) is a global semiconductor company. The Company designs and sells microprocessors, chipsets and graphics processors. It offers x86 microprocessors, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and notebook personal computers (PCs), professional workstations and servers. The Company operates in three business segments: the Computing Solutions segment, which includes microprocessors, chipsets and embedded processors and related revenue; the Graphics segment, which includes graphics, video and multimedia products and related revenue, as well as revenue received in connection with the development and sale of game console systems that incorporate its graphics technology; and the Foundry segment, which includes operating results attributable to front end wafer manufacturing operations and related activities.
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In the report, the analyst notes:
"AMD announced revenue for the second quarter of 2010 of $1.65 billion, a net loss of $43 million, or $0.06 per share, and operating income of $125 million. The company reported non-GAAP net income of $83 million, or $0.11 per share, and non-GAAP operating income of $138 million.
"AMD recently announced that it expects revenue for the quarter ending September 25, 2010, to be in the range of down 1% to 4% as compared to revenue of $1.65 billion for the quarter ended June 26, 2010. The sequential decrease is due to weaker than expected demand, particularly in the consumer notebook market in Western Europe and North America."
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