AMD third quarter revenue of $1 billion 650 million, net profit increased by 67%


AMD third quarter revenue of $1 billion 650 million, net profit increased by 67%

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Sina Technological News Beijing on October 25 morning news, AMD announced today the third quarter of fiscal year 2018 results. AMD's third-quarter revenue was $1.65 billion, up 4% from $1.58 billion in the same period last year, down 6% from $1.76 billion in the previous quarter, and net profit was $102 million, up 67% from $61 million in the same period last year, down from $116 million in the previous quarter. AMD's adjusted earnings per share in the third quarter exceeded Wall Street analysts'expectations, but its revenue and fourth-quarter revenue outlook fell short of expectations, causing its after-hours share price to plunge nearly 22%.

For the quarter ended Sept. 30, AMD posted a net profit of $102 million and earnings per share of $0.09, a better result than the same period last year. In the third quarter of fiscal year 2017, AMD's net profit was $61 million and earnings per share were $0.06. Excluding some one-time items (not in accordance with the US General Accounting Standards), AMD's adjusted net profit in the third quarter was $150 million, compared with $100 million in the same period last year; adjusted earnings per share were $0.13, compared with $0.09 in the same period last year. Beyond analysts' expectations. Analysts on average expect AMD to earn $0.12 a share in the third quarter, according to FactSet, a financial information provider.

AMD's third-quarter revenue was $1.65 billion, up 4% from $1.58 billion in the same period last year and down 6% from $1.76 billion in the previous quarter, falling short of analysts'expectations. FactSet survey shows that analysts expect AMD to earn $1 billion 700 million in the third quarter.

AMD's third-quarter revenue from the computing and graphics division was $938 million, up from $835 million in the same period last year, but down from $1.086 billion in the previous quarter; operating profit was $100 million, compared with $73 million in the same period last year and $1.1 billion in the previous quarter. 1 billion 700 million dollars. Revenue from corporate, embedded and semi-customized businesses was $715 million, down from $749 million in the same period last year, but up from $670 million in the previous quarter; operating profit was $86 million, up from $74 million in the same period last year and $69 million in the previous quarter. Operating losses for all other businesses were $36 million, compared with $28 million in the same period last year and $33 million in the previous quarter.

AMD's operating profit in the third quarter was $150 million, compared with $119 million in the same period last year and $153 million in the previous quarter; the adjusted operating profit in the third quarter was $186 million, excluding some one-off items (not in accordance with the United States General Accounting Standards). Operating profit for the same period was $148 million, and the operating profit in the first quarter was US $186 million.

AMD's operating expenses in the third quarter were $511 million, compared with $452 million in the same period last year and $499 million in the previous quarter. AMD's operating expenses accounted for 31% of total revenue in the third quarter, compared with 29% in the same period last year and 28% in the previous quarter. Excluding some one-time items (not in accordance with the US General Accounting Standards), AMD's adjusted operating expenditure in the third quarter was $476 million, compared with $424 million in the same period last year and $467 million in the previous quarter. Excluding some one-off items (not in accordance with the US General Accounting Standards), AMD's adjusted operating expenses accounted for 29% of total revenue in the third quarter, compared with 27% in the same period last year and 27% in the previous quarter.

AMD's gross margin for the third quarter was 40%, up 4 percentage points from 36% in the same period last year and 3 percentage points from 37% in the previous quarter.

AMD expects revenue of about $1.45 billion in the fourth quarter of fiscal year 2018, up or down $50 million, up about 8% year-on-year, less than analysts expect; gross margins that are not in accordance with the US GAAP are expected to rise to around 41%. According to FactSet survey, analysts expect AMD to earn $1 billion 600 million in the third quarter.

AMD shares fell $2.30, or 9.17%, to $22.79 in regular Nasdaq trading. AMD shares fell another $4.96, or 21.76%, to $17.83, in after-hours trading at 18:38 EST (6:38 Beijing time on the 25th). In the past 52 weeks, the highest price of AMD was US $34.14 and the lowest price was US $9.04. (Tang Feng)


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