Advanced Micro Devices Inc. Q2 adjusted earnings Inline With Estimates

(RTTNews) - Advanced Micro Devices Inc. (AMD) revealed earnings for second quarter that fell from last year.

The company's profit came in at $35 million, or $0.03 per share. This compares with $116 million, or $0.11 per share, in last year's second quarter.

Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $92 million or $0.08 per share for the period.

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

The company's revenue for the quarter fell 13.1% to $1.53 billion from $1.76 billion last year.

Advanced Micro Devices Inc. earnings at a glance:

-Earnings (Q2): $92 Mln. vs. $156 Mln. last year. -EPS (Q2): $0.08 vs. $0.14 last year. -Analysts Estimate: $0.08 -Revenue (Q2): $1.53 Bln vs. $1.76 Bln last year.