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Refiners' margins suffer when there's a sudden run-up in oil prices since pump prices can't be hiked at a comparable rate.
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The company said that it gained market share, but that gross profit margins suffered.
Underlying sales were up just over 1% while profit margins suffered as it was forced to cut prices to compete.
Last week, A.M.D. warned that its third-quarter revenue fell more than it had previously expected and that gross margins suffered from a $100 million write-down because of lower future growth of some products.
However, the company's profit margins suffered amid fierce price competition and a demand shift away from high-end electronics.
Yet even as margins have suffered, the stock has been strong.
Wipro has been struggling to win big contracts as the sector recovers from the global downturn, and its shares and margins have suffered compared with its larger rivals, Tata Consultancy Services and Infosys.
Global refining margins have suffered in recent months as rising crude oil prices have driven up costs, even as the weak economy has reduced demand for gasoline and diesel fuel.
Well, many individuals, especially those who had speculated on margin, have suffered losses they can never recover.
But that will take time and shift the company into a more cutthroat market segment where margins could suffer.
Profit margins will suffer as the traditional voice business shrinks and large investments are required to upgrade systems to cope with an all-data-services future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com