Advanced Micro Devices posts improved results

Advanced Micro Devices posts improved results

Advanced Micro Devices has posted yet another loss making quarterly revenue report.

However, the figures were better than what the market had expected.

AMD stock gained in the stock market as they went up by 33 cents in after hours trading.

AMD is splitting up their operations as part of a deal with Abu Dhabi.

The company said that their losses for the third quarter ending September 27 was $67 million.

This is much better compared to losses of $396 million, or 71 cents in the same period last year.

AMD is struggling to compete against the market leader Intel but are in the process of launching some new exciting processors which can give them the much needed boost in the coming months.