ATI Posts Increased Revenue

Subject: Graphics Cards | December 22, 2005 - 09:00 AM |

ATI has posted some positive financial news today with Q1 revenues climbing 26% from Q4 2005. However, this is tempered by the fact that ATI's profits fell $7.6 Million from the last quarter. Last year was a rough year for ATI with most of it focused on inventory issues, but hopefully this latest news signals a better new year.

Read it here.

The company's revenues climbed 26% over the Q4 2005 revenues, jumping to $591 million during the holiday season ending November 30, 2005.

However, the profit for the quarter was $7.6 million, down 88% on the previous year, but Wall Street was contented with revenues that beat its estimates, meaning that the results were viewed positively.

No comments posted yet.

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Lines and paragraphs break automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <blockquote><p><br>
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

By submitting this form, you accept the Mollom privacy policy.