SAN FRANCISCO (04/12/2000) - U.S. chip maker Advanced Micro Devices Inc. (AMD) today posted bullish fiscal first-quarter results, boosted in part by strong sales of its Athlon processors.
For the quarter ended April 2, 2000, AMD reported net income of US$189.3 million, or $1.15 per diluted share. The earnings compared with a net loss of $128.4 million, or 88 cents per share, in the same period last year.
AMD recorded record sales of $1.09 billion, a 73 percent jump in sales from $631.6 in the year-ago quarter.
The chip maker's quarterly results bested Wall Street expectations by a long shot. A consensus of 15 analysts polled by First Call/Thomson Financial predicted AMD would post earnings per share of 57 cents.
The quarter was the best in the company's history, Jerry Sanders, AMD's chairman and chief executive officer, said in a statement issued today.
Sales of Athlon processors increased by 50 percent to 1.2 million units, Sanders said.
More details to follow.
AMD is based in Sunnyvale, California, and can be reached at +1-408-732-2400 or on the Web at http://www.amd.com/.