SUNNYVALE (dpa-AFX) - Advanced Micro Devices Inc. (AMD) announced a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $1.243 billion, or $0.75 per share. This compares with $0.771 billion, or $0.47 per share, last year.
Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $1.965 billion or $1.20 per share for the period.
Analysts on average had expected the company to earn $1.17 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 35.6% to $9.246 billion from $6.819 billion last year.
Advanced Micro Devices Inc. earnings at a glance (GAAP) :
-Earnings: $1.243 Bln. vs. $0.771 Bln. last year. -EPS: $0.75 vs. $0.47 last year. -Revenue: $9.246 Bln vs. $6.819 Bln last year.
-Guidance: Next quarter revenue guidance: $9.3 - $9.9 Bln
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