Advanced Micro Devices Jumps on Earnings Beat; Favorable Guidance

Shares of Advanced Micro Devices

are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 7.22%, trading at $5.94; they ended the regular session higher by 8.73%, at $5.54. Advanced Micro Devices reported Q3 EPS of $0.15 on revenues of $1.69 billion; the Street was looking for $0.10 per share on revenues of $1.65 billion. Revenues increased 4.4% year over year. The company sees Q4 revenues in the range of +1-3% quarter over quarter (roughly $1.71-1.78 billion); the Street was looking for $1.71 billion. Advanced Micro Devices, Inc. is a global semiconductor company. The company primarily offers x86 microprocessors, for the commercial and consumer markets, embedded microprocessors for commercial, commercial client and consumer markets and chipsets for desktop and notebook personal computers, professional workstations and servers.