Advanced Micro Devices Inc. Q1 Profit Rises

(RTTNews) - Advanced Micro Devices Inc. (AMD) released earnings for its first quarter that Increases, from the same period last year

The company's bottom line totaled $1.383 billion, or $0.84 per share. This compares with $709 million, or $0.44 per share, last year.

Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $2.265 billion or $1.37 per share for the period.

The company's revenue for the period rose 37.8% to $10.253 billion from $7.438 billion last year.

Advanced Micro Devices Inc. earnings at a glance (GAAP) :

-Earnings: $1.383 Bln. vs. $709 Mln. last year. -EPS: $0.84 vs. $0.44 last year. -Revenue: $10.253 Bln vs. $7.438 Bln last year.

-Guidance: Next quarter revenue guidance: $ 10.9 B To $ 11.5 B