Advanced Micro Devices, Inc. said its fourth-quarter normalized net income amounted to a loss of 25 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.
The per-share loss increased 228.6% year over year from 8 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $236.9 million, compared with a loss of $61.3 million in the year-earlier period.
The normalized profit margin declined to negative 21.4% from negative 6.4% in the year-earlier period.
Total revenue grew 15.4% on an annual basis to $1.11 billion from $958.0 million, and total operating expenses rose 43.0% year over year to $1.45 billion from $1.01 billion.
Reported net income totaled a loss of $52.4 million, or a loss of 6 cents per share, compared with a loss of $96.1 million, or a loss of 13 cents per share, in the year-earlier period.
For the year, the company's normalized net income totaled a loss of 41 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of a loss of 15 cents.
EPS was a loss of 41 cents in the prior year.
Normalized net income was a loss of $341.3 million, compared with a loss of $323.1 million in the prior year.
Full-year total revenue increased on an annual basis to $4.27 billion from $3.99 billion, and total operating expenses rose year over year to $4.65 billion from $4.34 billion.
The company said reported net income came to a loss of $501.0 million, or a loss of 60 cents per share, in the full year, compared with a loss of $657.7 million, or a loss of 84 cents per share, the prior year.
