01.11.2022 21:55:36
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Advanced Micro Devices Inc. Q3 Profit Decreases, misses estimates
(RTTNews) - Advanced Micro Devices Inc. (AMD) announced a profit for third quarter that decreased from last year and missed the Street estimates.
The company's earnings totaled $66 million, or $0.04 per share. This compares with $923 million, or $0.75 per share, in last year's third quarter.
Excluding items, Advanced Micro Devices Inc. reported adjusted earnings of $1.10 billion or $0.67 per share for the period.
Analysts on average had expected the company to earn $0.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 29.2% to $5.57 billion from $4.31 billion last year.
Advanced Micro Devices Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $66 Mln. vs. $923 Mln. last year. -EPS (Q3): $0.04 vs. $0.75 last year. -Analyst Estimates: $0.68 -Revenue (Q3): $5.57 Bln vs. $4.31 Bln last year.
-Guidance: Next quarter revenue guidance: $5.2 - $5.8 Bln Full year revenue guidance: $23.2 - $23.8 Bln
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