Disclaimer: The conclusion and guidance given at the end has been given in a completely non-professional capacity. Since this is not intended to be professional investment advice, we cannot be held liable in any way.
AMD (NYSE: AMD) has just reported its Q1 Results for 2014. About 3 months back, I advised against investing (short) because of my forecast of a significant decrease in revenue next quarter. And as far as shorts are concerned, the chipmaker has infact reported a loss. Interestingly however, the reported GAAP diluted LPS (Loss Per Share) of 0.03$ and consequently the reported non-GAAP diluted EPS of 0.02$ is higher than analysts expectation of a break even on non-GAAP.
Advanced Micro Devices, Inc. (NYSE: AMD) nets Loss Per Share of 3 Cents on GAAP basis – SCRYPT Mining Sales Drying Off, CPU Portion in Decline while GPU portion sees Significant Growth
Numbers aren’t everything, because even though the numbers might make it appear as if this Quarterly Report depicts a bad result, the reality is quite different. What we are seeing are signs of an actual, possible company turnabout. I.e. this report could be the first sign that the Profit of Q4 FY13 was not a mere fluke.