AMD Reports $590 Million Loss in Q1, Still Thumbs Nose at Wall Street

Scanning AMD's financial report for the first quarter of 2012, you would think the Sunnyvale chip maker is in big trouble. Revenue was $1.59 billion, a nice number if not for the fact that it represents a net loss of $590 million, or $0.80 cents per share, along with an operating loss of $580 million. That's a 6 percent sequential decrease and a 2 percent decrease year-over-year. Non-GAAP earnings were $0.12 a share. So why wouldn't investors want to hit the panic button?
For starters, AMD topped Wall Street's expectations. Wall Street was bracing itself for AMD to report non-GAAP earnings of $0.09 cents a share on revenue of $1.56 billion, so things didn't shake out as bad as they could hav... »read more

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