Amd increases its income by 19%
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Nintendo was not the only company to present its quarterly results today. AMD has also released the second quarter results. And also, as in the case of Nintendo, they have reasons to be happy, to a certain extent. The results are quite positive for the company.
AMD increases its income by 19%
AMD has declared a gross income of 1, 220 million dollars in this second quarter of 2017. This represents an increase of 19% compared to the same period last year. This should be good news, but once expenses are discounted, the result is losses. This is a loss of $ 16 million.
Loss reduction
Many have been surprised and also disappointed that the company could not avoid falling into losses. Although it must be said that although the result is not as positive as one would have liked, there is also a notable reduction in losses. So for many there is hope that the results will continue to improve throughout the year.
AMD expects that too. And analysts seem to see it that way, as there are estimates that revenue will rise 23% in the next quarter. Something that should also avoid losses or at least very small losses for the company.
AMD is not having an easy year. But at least the financial results seem to move little by little in the desired direction. So it would not be surprising that at the end of the year the company closed with green results. Something that they have been wanting to achieve for a while. What do you think of these results?
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