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AMD repored loss despite increased revenues

The chip maker Advanced Micro Devices (AMD) announced disappointing results for last quarter of 2011. During the period the company has taken a loss, while revenue grew less than expected. Losing the American company for the period amounted to 177 million USD, or 24 cents a share. In the last quarter of 2010 was achieved profit of 375 million USD, or 50 cents a share. When you remove some one-off effects AMD recorded a profit of 19 cents per share. The AMD's revenue increased slightly - from 1.65 billion USD to 1.69 billion USD.
The expectations of analysts was for earnings after removing one-off effects of 16 cents per share and revenue of 1.72 billion USD. On an annual basis was reported 2 percent revenue growth from major computer components. However, it is removed from the decrease of 5 per cent, which has recorded unit sales of graphics cards. For this quarter, AMD expects the management of decline in revenue within 3 to 8 per cent this quarter. This means that they will amount to between 1.5 and 1.61 billion USD. Consensus forecast of analysts is the company's revenue to 1.59 billion USD. After publication of the report of AMD shares dropped 2.8 percent to 6.35 USD per share.