If AMD was looking for signs of a turnaround then it looks like the company is going to have to wait until next quarter. Not only did the company post a $180 million quarterly loss, these quarterly earnings are both worse than last years earning and less than what AMD was anticipating, which was already pretty bad to begin with. Not even AMD’s most important division suffered losses.
AMD’s hope for a successful turnaround continues to fade as the company’s quarterly loss widened in the first quarter of 2015. AMD posted a quarterly loss of $180 million Thursday, or $73 million when adjusted. In comparison during the same quarter last year the company posted adjusted earnings of $35 million. The company’s revenues for the first quarter fell 26% to $1.03 billion from $1.4 billion a year ago. AMD has $906 million in cash and equivalents on hand going forward, which is down $134 million from before the quarter. Across the company each division reported lower than expected revenue. The company’s Computing and Graphics segment, once a cornerstore of the company, saw revenues drop to $532 million from $861 million last year. The Enterprise, embedded and semi-custom segment revenues dropped to $498 million from $536 million last year. AMD predicts a 3% dip in revenue for the next quarter.
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