AMD's Third-quarter Net Profit Is $ 97 Million

By Anne Lee


AMD announced its third-quarter report of fiscal 2011. The report shows that AMD's third-quarter revenue is $ 1.69 billion, an increase of 4% compared with last year's $ 1.62 billion. The net profit is $ 97 million, while the net loss was $ 118 million at the same period of the last year. AMD's third-quarter earnings per share exceeded Wall Street's expectations, promoting its after-hours shares rose more than 6%.

In this quarter, AMD's net profit is $ 97 million with earnings per share of 13 cents. This performance is better than the same period of the last year. In the third quarter of fiscal year 2010, AMD reported a net loss of $ 118 million, or 17 cents of loss per share.

AMD's third-quarter operating profit is U.S. $ 138 million. The operating profit at the same period of the last year Was $ 128 million. In the previous quarter, the operating profit was $ 105 million.

Excluding special items, AMD's third-quarter adjusted net profit is 110 billion U.S. dollars. The adjusted earnings per share are 15 cents. This performance is better than analysts had expected. The market research (http://www.joint-edges.com/) shows that the analysts had expected AMD's third-quarter adjusted earnings to be 10 cents per share. AMD's third-quarter gross margin is 45%.

AMD's third-quarter revenue is $ 1.69 billion, an increase of 7% than the previous quarter's $ 1.57 billion. This performance is less than analysts expected. The analysts had expected AMD's third-quarter revenue to be $ 1.72 billion.

In the third quarter of 2011, AMD's sales of the computing solutions group grew 5%, a sequential increase of 6% than the last year. The operating profit is $ 149 million, which was $ 164 million in the last quarter. The sales of AMD's graphics division increased 4%.

AMD expects its fourth-quarter revenue will grow 3% compared with the third quarter. It will be about $ 1.71 billion to 1.77 billion. The analysts on average expect AMD's fourth-quarter revenue to be 1.72 billion U.S. dollars. In the past 52 weeks, AMD's highest price was $ 9.58 and the lowest was $ 4.31.




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