AMD posts profit for Q4'03


— 5:06 AM on January 21, 2004

AMD has posted its fourth quarter results for 2003, which show a profit for a change.

SUNNYVALE, CA -- January 20, 2004 --AMD (NYSE:AMD) today reported sales of $1.206 billion and net income of $43 million for the quarter ended December 28, 2003. Net income amounted to $0.12 per share.
Wall Street analysts had originally projected a profit of only $0.04 per share, but AMD is full of surprises these days.

This year's positive fourth quarter starkly contrasts last year's Q4, where AMD posted a net loss of $855 million. AMD's Q4 results are also an improvement over the third quarter of this year, where the company posted a $31 million loss on sales of $954 million.

Unfortunately, AMD's profitable fourth quarter isn't enough to bring the company out of the red for the fiscal year; through 2003, AMD posted a net loss of $274 million on sales of $3.5 billion. Still, that's a huge improvement over AMD's $1.3 billion loss for the 2002 fiscal period.

 
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