Advanced Micro Devices (AMD) Misses Q3 EPS by 5c, Offers Q4 Guidance

(Updated - October 15, 2015 4:19 PM EDT)

Advanced Micro Devices (NASDAQ: AMD) reported Q3 EPS of ($0.17), $0.05 worse than the analyst estimate of ($0.12). Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $995.8 million.

NOTE: The impact of the inventory write-down to EPS was $0.08. Otherwise, Q3 loss would have been $0.09 per share.

"AMD delivered double-digit percentage sequential revenue growth in both of our segments in the third quarter," said Dr. Lisa Su, AMD president and CEO. "We continue to take targeted actions to improve long-term financial performance, build great products and simplify our business model. The formation of a joint venture of our back-end manufacturing assets is a significant step towards achieving these goals and strengthening our balance sheet."

For Q4 2015, AMD expects revenue to decrease 10 percent, plus or minus 3 percent, sequentially.

For earnings history and earnings-related data on Advanced Micro Devices (AMD) click here.

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