AMD's third quarter better than expected

Chipmaker had warned that third-quarter sales would be lighter than projected, but the quarter wasn't as bad as feared.

Advanced Micro Devices today delivered better-than-expected earnings and revenue for the third quarter as the results topped lowered estimates.

The chipmaker had warned that its third-quarter sales would be lighter than projected on tepid consumer demand. As with Intel, however, AMD's quarter wasn't as bad as feared.

AMD reported a third-quarter net loss of $118 million, or 17 cents a share, on revenue of $1.62 billion, down 2 percent from the second quarter and up 16 percent from a year ago. Non-GAAP earnings were 15 cents a share. Wall Street was expecting a profit of 6 cents a share on revenue of $1.61 billion.

Read more of "AMD's third quarter better than expected" at ZDNet's Between the Lines.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

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