AMD posts fourth quarter financials

— 2:55 AM on January 19, 2005

AMD has released its fourth quarter financial results, and they aren't good. Although the company reported record sales, it lost nearly $30 million for the quarter thanks in part to a flash memory business that CEO Hector Ruiz called freaking dismal.

Despite its overall losses for the quarter, AMD's processor division had an operating income of $89 million on revenues of $730 million. The division's profit margins seem to be waning, though. In the previous quarter, the processor division's operating income was also $89 million, but on only $673 million in revenue.

For 2004 as a whole, AMD posted a profit of $91 million on sales of over $5 billion. That's quite a bit better than last year, where AMD lost $274 million on sales of only $3.5 billion.

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