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Updated:07/17, 11:45pm, EDT
macnn: tag: losses
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AMD posts $1.189b loss, CEO Hector Ruiz steps down

July 17 - 11:45pm EDT   AMD on Thursday posted disappointing second quarter results, citing a net loss of $1.189 billion, or $1.96 per share, while also announcing that CEO Hector Ruiz would step down from his position. In terms of continuing operations, the net loss was posted as $269 million (44˘ per share), with operating losses at $143 million. Net favorable impact sits at $97 million (16˘ per share), while losses from discontinued operations came in at $920 million ($1.52 per share) and impairment charges at $876 million ($1.44 per share). [full story]
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