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AMD beats Q3 estimates, opinion light

AMD reported better-than-expected third entertain financials interjection to increasing sales in a computing and graphics segment. However, AMD’s opinion for a stream entertain sent a shares down after hours.

The semiconductor builder posted a net income of $71 million, or 7 cents per share.

Non-GAAP gain were 10 cents per share on income of $1.64 billion, adult 26 percent year-over-year.

Wall Street was awaiting AMD to post gain of 8 cents per share on income of $1.51 billion.

“Strong patron adoption of a new high-performance products gathering poignant income expansion and softened financial formula from a year ago,” pronounced AMD arch executive Lisa Su. “Our third entertain new product introductions and financial execution symbol another critical miracle as we settle AMD as a premier expansion association in a record industry.”

Here’s a closer relapse of a company’s performance, by department:

  • Computing and graphics: Segment income increasing 74 percent year-over-year to $819 million. AMD says a boost was driven by sales of a Radeon graphics and Ryzen desktop processors.
  • Enterprise, embedded and semi-custom: Segment income was radically prosaic due to reduce semi-custom SoC sales, AMD said.

For a stream quarter, AMD expects income to diminution approximately 15 percent from Q3, and or reduction 3 percent. Analysts were awaiting Q4 gain of 4 cents a share on income of $1.34 billion.

AMD’s shares were down some-more than 8 percent in after-market trading.

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