Here are the recent earning highlights for Advanced Micro Devices Inc. (AMD):
In the first quarter (Q1), AMD earned $123 million, a significant turnaround from the loss of $139 million during the same period last year. Their Earnings per Share (EPS) in Q1 was $0.07, compared with -$0.09 in the last year's first quarter.
After adjusting for certain non-recurring items, the company's adjusted earnings reached $1.01 billion or $0.62 per share for the period. Analysts had predicted an EPS of $0.61.
Sales revenue for AMD in Q1 was $5.47 billion, slightly up from the last year's Q1 revenue of $5.35 billion.
Looking ahead, AMD expects its revenue for the next quarter to be approximately $5.7 billion.
