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AMD's shares fell after the release of its financial report for the second quarter of 2019, although the company managed to meet financial expectations for the quarter. The company's revenue amounted to $ 1.5 billion, up from $ 1.7 billion for the same period last year, due in part to lower sales of home appliances Sony and Microsoft, which use AMD chips.
The operating profit of the company was $ 59 million and the net profit of $ 35 million. The company also paid $ 392 million in debt. Lisa Soo has badured investors that the company offers many products with 7-nm technology, including high-end graphics cards.
AMD shares fell 5% after the report.
This article "AMD shares retract after its quarterly financial report for the second quarter of 2018" is quoted from an electronic site and does not reflect in any way the site's policy or point of view of opinion. The responsibility is related to the actuality or the authenticity of the source of the information of origin.
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