Subscribe to this page now.

AMD posts $1.189b loss, CEO Hector Ruiz steps down

07/17, 11:45pm

AMD posts loss, CEO leaves

AMD on Thursday posted disappointing second quarter results, citing a net loss of $1.189 billion, or $1.96 per share, while also announcing that CEO Hector Ruiz would step down from his position. In terms of continuing operations, the net loss was posted as $269 million (44 per share), with operating losses at $143 million. Net favorable impact sits at $97 million (16 per share), while losses from discontinued operations came in at $920 million ($1.52 per share) and impairment charges at $876 million ($1.44 per share).

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Crucial MX100 256GB SATA-3 SSD

    While the price to gigabyte ratio for magnetic platter-based hard drives can't be beat, the speed that a SSD brings to the table for a ...

    Narrative Clip

    With the advent of social media technology, people have been searching for new ways to share the events of their daily lives -- be it ...

    Blue's Mikey Digital

    Blue Microphones, a company that makes some of the most popular digital USB microphones among podcasters and musicians, has for some t ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News