Advanced Micro Devices (AMD) Down on Q3 Loss

Advanced Micro Devices, Inc.

shares dipped 0.5% to $1.96. AMD reported a wider-than-expected loss for the third quarter, but the company's revenue exceeded analysts' expectations. The company also announced a new joint venture with China's Nantong Fujitsu Microelectronics and a corporate restructuring plan aimed at reducing operating expenses. Share volume totaled 2.4 million, catching up on its all-day average