FORUMS
PRICEWATCH
VIDEOS
AMD reports Q3 2011 results
Last month AMD revised its Q3 forecasts, much to the disdain of its shareholders, with AMD's stocks taking a nosedive. As it turns out, the forecast revisions, which suggested revenues of $1.65B were off the mark. AMD has instead reported revenues of $1.69 billion and net income of $110 million.
Last month AMD revised its Q3 forecasts, much to the disdain of its shareholders, with AMD's stocks taking a nosedive. As it turns out, the forecast revisions, which suggested revenues of $1.65B and earnings of $80 million were off the mark. AMD has instead reported revenues of $1.69 billion and net income of $110 million.
AMD's new CEO Rory Read announced a strong 35% increase in mobile business, with double digit growth in emerging markets like China and India. However, AMD's Q3 was marred by yield issues for Llano, being unable to meet the strong demand.
Looking forward to Q4, AMD expects a 3% ± 2% increase in revenue. AMD's shares rose by 5.05% in after hours shortly after the results were announced, and an immense 14% in the last 24 hours.
Source: Forbes
