Chip company Advanced Micro Devices, which supplies processors for PCs and gaming consoles, surprised investors with a smaller-than-expected first-quarter loss, prompting its shares to spike by more than six percent. AMD’s net loss was three cents a share, better than the 19-cent loss reported a year ago. Revenue of $1.4 billion was $100 million better than analysts expected. AMD shares rose 22 cents to $3.91 after hours.
This article originally appeared on Recode.net.
We have a request
Vox's journalism is free because we believe that everyone deserves to understand the world that they live in. That kind of knowledge helps create better citizens, neighbors, friends, parents, consumers and stewards of this planet. In short, understanding benefits everyone. You can join in on this mission by making a financial gift to Vox today. Reader support helps keep our work free, for everyone. Will you join us?
Yes, I'll give $120/year
Yes, I'll give $120/year
We accept credit card, Apple Pay, and
Google Pay. You can also contribute via