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ATI Reported A Loss Due To Lower Sales

ATI reported a loss and slumping sales. Sales were $ 530 million in the third quarter, up 8 percent over the like period a year ago. For the third quarter, net loss was $ 0.4 million, or breakeven, as compared with net income of $ 49 million, or $ 0.19 per share, in the third quarter last year. ATI attributed the lower expected sales to the product mix being slanted toward the lower end of the desktop and notebook market, in turn lowering gross margins. ATI is also reportedly late with its new graphics chip, dubbed the R520. We have reported that R520 will come somewhere at the end of July. For the fourth quarter, ATI is seeing a slightly better outlook. It anticipates revenues in the range of $ 550-580 million.

ATI reported a loss and slumping sales. Sales were $ 530 million in the third quarter, up 8 percent over the like period a year ago. For the third quarter, net loss was $ 0.4 million, or breakeven, as compared with net income of $ 49 million, or $ 0.19 per share, in the third quarter last year. ATI attributed the lower expected sales to the product mix being slanted toward the lower end of the desktop and notebook market, in turn lowering gross margins. ATI is also reportedly late with its new graphics chip, dubbed the R520. We have reported that R520 will come somewhere at the end of July. For the fourth quarter, ATI is seeing a slightly better outlook. It anticipates revenues in the range of $ 550-580 million.

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