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Strategies & Market Trends : Galapagos Islands
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To: MulhollandDrive who wrote (7471)10/16/2002 4:40:45 PM
From: Jorj X Mckie   of 57110
 
16:21 ET AMD Advanced Micro revenues in line with preannouncement (3.49 -0.50)
Reports Q3 (Sep) loss of $0.74 per share, $0.07 worse than the Multex consensus of ($0.67); revenues fell 33.6% year/year to $508.2 mln vs the $500.5 mln consensus and Oct 2 guidance of "approximately" $500 mln. Company says that it expects Q4 sales to improve "significantly" and for its loss to be "significantly" reduced; Multex consensus estimates currently anticipate a Q4 sales increase of 10% with loss per share narrowing to $0.56.
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