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.