AMD Q2 2013 earnings: net loss of $74 million, expects 'a return to profitability' next quarter

First, the rough news: AMD saw just $1.16 billion in revenue for its Q2 2013, and actually took a net loss of $74 million (and an operating loss of $29 million). That's an 18 percent decrease in revenue year-over-year, but CEO Rory Read says that things are looking up. "Our focus on restructuring and transforming AMD resulted in improved financial results," noting that AMD "expects significant revenue growth and a return to profitability in the third quarter." That's a pretty bold statement give...