SUNNYVALE (dpa-AFX) - Advanced Micro Devices Inc. (AMD) released a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $709 million, or $0.44 per share. This compares with $123 million, or $0.07 per share, last year.
Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $1.57 billion or $0.96 per share for the period.
Analysts on average had expected the company to earn $0.93 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 35.9% to $7.438 billion from $5.473 billion last year.
Advanced Micro Devices Inc. earnings at a glance (GAAP) :
-Earnings: $709 Mln. vs. $123 Mln. last year. -EPS: $0.44 vs. $0.07 last year. -Revenue: $7.438 Bln vs. $5.473 Bln last year.
-Guidance: Full year EPS guidance: $7.1 - $7.7 Bln
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