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AMD Reports Record Revenue, Small Profit

Jan 22, 2010, 16:34 (0 Talkback[s])
(Other stories by Andy Patrizio)

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"If there's a word to describe AMD's fourth quarter of 2009, "unique" might be one word. "Crazy" might be another. After all, how often does a chip company net $1.2 billion on sales of $1.6 billion?

"AMD (NYSE: AMD) today reported a net income of $1.178 billion, or $1.57 a share, on revenues of $1.646 billion. Obviously, the $1.25 billion antitrust settlement with Intel did wonders to skew the bottom line, but that should not occlude the fact that AMD had a tremendous quarter in sales and posted a slim profits even without Intel's payoff.

"For the quarter ended Dec. 26, AMD's $1.646 billion in revenue was an 18 percent increase from the third quarter and a 42 percent improvement over the fourth quarter of 2008."

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