ATI makes loss (or is that profit)?

ATI, Canada's biggest graphics chip maker, fell into the red in Q3, declaring a net loss of $2m for the three months to May 31. But look at it another way and come up with something called adjusted net income then the company pulls a $19,2m profit out of the bag.

Back-to-back sales were up ever so slightly, from $266m in Q2 to $266.2m in Q3, and 8.5 per cent up on Q3 last year (244.5), an increase attributed primarily to higher sales (we think we could have worked that one out) and market share in core PC markets. The company forecasts revenues for Q4 will be flat, or slightly down - it says its key system builder market remains weak.

Q3 gross margins were up too, a pleasing 1.2 points 35 per cent. ATI says this is driven by a 'richer chip mix' which is good news for the future. However the company anticipates a fall in the next Q of up to three points, citing "product transition in the fourth quarter as new products ramp and replace older products approaching end of life".

News source: The Reg

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