Wednesday, October 12, 2005
AMD delivered third quarter earnings that were above expectation with sales of $1.523 billion and net income of $76 million, or $0.18 per diluted share.
AMD was projected to earn $0.08 a share on sales of $1.38 billion for the period, according to analysts.
Third quarter sales were up 23 percent compared to the third quarter of 2004 and increased 21 percent from the second quarter of 2005.
In the third quarter of 2004, AMD reported sales of $1.239 billion and net income of $44 million, or $0.12 per diluted share. In the second quarter of 2005, AMD reported sales of $1.260 billion and net income of $11 million, or $0.03 per share.
"This was another record-breaking quarter for AMD's microprocessor business," said Robert J. Rivet, AMD's chief financial officer, in a statement.
"Exceptional customer demand for our server, mobile and desktop processors helped drive microprocessor sales growth of 44 percent compared to the third quarter of 2004 and 26 percent compared to the second quarter of 2005,” he said.
By: DocMemory
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