Feeds

AMD beats analysts' bets with profitable quarter

If only they had been able to bake more chips

Secure remote control for conventional and virtual desktops

AMD beat the Street when reporting its financial results for the third quarter of 2011, with earnings per share of 13¢ on revenues of $1.69bn.

According to Thompson Reuters, the consensus of 29 professional analysts was that AMD would report earnings per share of 10¢ on revenues of $1.65bn.

"Strong adoption of AMD APUs drove a 35 percent sequential revenue increase in our mobile business," said AMD president and CEO Rory Read in a statement. "Despite supply constraints, we saw double digit revenue and unit shipment growth in emerging markets like China and India as well as overall notebook share gains in retail at mainstream price points."

Those supply constraints were caused by manufacturing problems for AMD's "Llano" APU at a GlobalFoundries fab in Germany, which caused AMD to lower earnings forecasts at the end of last month to sequential revenue growth of between 4 and 6 per cent in the quarter.

Thursday's Q3 2011 report, however, came in at a sequential revenue growth of 7 per cent. While seasonality makes sequential growth a relatively weak measure of performance, the good news for AMD fans is that the most recent quarter's revenue performance was a 4 per cent increase when compared with that in the same quarter last year.

Net income was $97 million for the quarter, a decidedly better performance than its a loss of $118 million – 17 cents per share – for the same quarter last year.

And while a 3¢ better-that-expected EPS take may not sound like much in absolute terms, you could also say that it beat expectations by 30 per cent – which is none too shabby.

As with all financial reporting, how you spin the results is as important as the results themselves. This is, after all, the stock market, where perception is king.

As proof of that adage, AMD's stock surged as much as 8 per cent in after-hours trading. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?