C|Net Investor meldt dat AMD over het tweede kwartaal van 2000 een recordwinst van $207 miljoen heeft behaald. Dit komt neer op $1,21 per aandeel, boven de verwachting van analisten. AMD heeft bekend gemaakt dat er binnenkort een aandelen split volgt:
Surging on sales of its Athlon microprocessor and flash memory, Sunnyvale, Calif.-based AMD reported record net earnings of $207 million, or $1.21 per share, for the second quarter. Analysts expected earnings per share to come in at $1.14.
Last year, AMD lost $113.4 million, or 81 cents a share, in the second quarter, excluding extraordinary events. The company reported losses again in the third quarter. The current results mark the third consecutive profitable quarter for AMD and further underscore the reversal of fortune the company has experienced since last year.
Revenue for this year's second quarter came to $1.2 billion, close to double revenue of $631.6 million in the second quarter last year.
The future looks strong as well. The company has already sold out of flash memory and some classes of microprocessors, said executives at the company. The average selling price of AMD microprocessors rose to the low $90s and will possibly hit the company's goal of $100 by the fourth quarter.
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