Boston, MA 10/18/2013 (wallstreetpr) – Advanced Micro Devices, Inc. (NYSE:AMD) announced its earnings report for the quarter that ended September. It reported EPS of $0.04/share in the Q3 of 2013 on revenue of $1.46B while the average analysts’ projection was $1.4B. In comparison, the company had dipped by 20 cents/share on revenue of $1.3B in the same quarter of 2012.
The company has been going through a pretty rough patch and had been facing losses for the last 4 consecutive quarters. The company bid goodbye to 2012 with a 16 cents/share loss. In 2013, analysts are projecting the company to incur losses of 15 cents/share but the numbers are projected to look brighter in 2014.
Healthy share prices
To date, the company’s share price has been faring pretty well despite its reported quarterly losses. The earnings report that had been released by the company in July had topped analysts’ estimates and had sent the company’s share price northward.
The downslide in the personal computer market has led to a downtrend at Advanced Micro Devices, Inc. (NYSE:AMD) just like Intel has been facing. Demand for the company’s graphics chips and PC processors that are manufactured have been on the decline and the selling prices have been lower as well. The influx and high demand and preference for mobile devices against desktop computers is the main reason for this downslide.
The competition spirit
Intel is relying for its future largely on mobile and servers but Advanced Micro Devices, Inc. (NYSE:AMD) wants to strike a different path. It is not interested in struggling to find a bright spot in the mobile and android landscape. Instead, it has unveiled a completely new strategy that will be looking at the processor market in a completely different light. The only way to stay ahead of the competition is to think uniquely and innovate in a way that no one has done before.