Advanced Micro Devices Inc. Announces 307% Increase In Q3 Earnings

(RTTNews) - Advanced Micro Devices Inc. (AMD) reported a profit for its third quarter that climbed from last year.

The company said its bottom line advanced to $110 million, or $0.10 per share. This was higher than $27 million, or $0.03 per share, in last year's third quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 25.2% to $1.64 billion. This was up from $1.31 billion last year.

Advanced Micro Devices Inc. earnings at a glance:

-Earnings (Q3): $110 Mln. vs. $27 Mln. last year. -Earnings Growth (Y-o-Y): 307.4% -EPS (Q3): $0.10 vs. $0.03 last year. -EPS Growth (Y-o-Y): 233.3% -Analysts Estimate: $0.08 -Revenue (Q3): $1.64 Bln vs. $1.31 Bln last year. -Revenue Change (Y-o-Y): 25.2%