From PC World: A rebound in the PC market aided Intel's earnings earlier this week, but did not help rival Advanced Micro Devices, which recorded a net loss for the second quarter, even as a shift in its business focus to graphics cards and custom chips boosted revenue.
AMD reported a net loss of $36 million, an improvement from the $74 million loss reported in the same quarter a year ago. Revenue in its Computing Solutions division, which deals in chips, was $669 million, declining by 20 percent year over year, due to a drop in processor shipments, AMD said in a statement.
However, AMD's overall quarterly revenue grew, aided by growth in graphics and custom chip shipments. AMD second-quarter revenue was $1.44 billion, up 24 percent compared to the year-ago quarter. Analysts polled by Thomson Reuters expected $1.438 billion in revenue for the quarter.
AMD's laptop processor sales grew, but desktop chip sales were weak, AMD's CFO, Devinder Kumar, said in a statement.
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