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Advanced Micro reports quarterly profit

22
Jan
2014

(Reuters) – Chipmaker Advanced Micro Devices Inc posted a fourth-quarter profit compared with a year-ago loss, as sales of new gaming consoles offset falling demand for personal computers. Net profit was $89 million, or 12 cents per share, in the quarter ended December 28, compared with a loss of $473 million, or 63 cents per share a year earlier. Excluding items, AMD earned 6 cents per share. Revenue rose 37 percent to $1.59 billion. (Reporting by Neha Alawadhi in Bangalore; Editing by Savio DSouza)

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