Categories AlphaGraphs, Earnings, Technology
AMD Earnings: Advanced Micro Devices Q3 2023 profit and revenue beat Street view
Advanced Micro Devices, Inc. (NASDAQ: AMD) reported better-than-expected results for the third quarter of 2023. The semiconductor company also provided guidance for the fourth quarter.
Third-quarter earnings, excluding special items, rose to $0.70 per share from $0.67 per share in the corresponding quarter of 2022. On a reported basis, net income was $299 million or $0.18 per share in Q3, compared to $66 million or $0.04 per share in the prior-year period.
September-quarter revenues increased to $5.80 billion from $5.57 billion a year earlier. Both earnings and revenues exceeded analysts’ estimates.
“Our data center business is on a significant growth trajectory based on the strength of our EPYC CPU portfolio and the ramp of Instinct MI300 accelerator shipments to support multiple deployments with hyper-scale, enterprise, and AI customers,” said AMD’s CEO Lisa Su.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was