Advanced Micro Devices Inc. Q1 adjusted earnings Inline With Estimates

(RTTNews) - Advanced Micro Devices Inc. (AMD) announced earnings for its first quarter that rose from last year.

The company's profit totaled $162 million, or $0.14 per share. This compares with $16 million, or $0.01 per share, in last year's first quarter.

Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $222 million or $0.18 per share for the period.

Analysts had expected the company to earn $0.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 40.9% to $1.79 billion from $1.27 billion last year.

Advanced Micro Devices Inc. earnings at a glance:

-Earnings (Q1): $222 Mln. vs. $62 Mln. last year. -EPS (Q1): $0.18 vs. $0.06 last year. -Analysts Estimate: $0.18 -Revenue (Q1): $1.79 Bln vs. $1.27 Bln last year.