trending Market Intelligence /marketintelligence/en/news-insights/trending/hvCMJuatSG6PJck3p9o6eQ2 content esgSubNav
In This List

Advanced Micro Devices swings to loss in fiscal Q3


Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar


Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns


A Trade Finance Firm Ups Its Game With Supply Chain Intelligence


Corporate and Municipal CUSIP Request Volumes Slow in August

Advanced Micro Devices swings to loss in fiscal Q3

Advanced Micro Devices, Inc. said its normalized net income for the fiscal third quarter ended Sept. 26 came to a loss of 12 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 12 cents per share.

The per-share result swung to a loss from the prior-year profit of 2 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $93.1 million, compared with income of $11.9 million in the prior-year period.

The normalized profit margin dropped to negative 8.8% from 0.8% in the year-earlier period.

Total revenue declined 25.8% on an annual basis to $1.06 billion from $1.43 billion, and total operating expenses decreased 14.3% year over year to $1.17 billion from $1.37 billion.

Reported net income totaled a loss of $196.3 million, or a loss of 25 cents per share, compared with income of $15.7 million, or 2 cents per share, in the prior-year period.