AMD released its first fiscal quarter 2011 earnings report on Thursday. The financial report shows that AMD’s first-quarter revenue was US$1.61 billion, an increase of 2% from US$1.57 billion in the same period last year; net profit was US$510 million, which was nearly double the net profit of US$257 million in the same period of last year.
In the first quarter ended April 2, AMD’s net revenue was US$1.61 billion, an increase of 2% from US$1.57 billion in the same period last year. AMD's net profit attributable to shareholders was $510 million, and earnings per share were $0.68. This performance was better than the same period of last year. In the first quarter of fiscal year 2010, AMD’s net profit was US$257 million, and its earnings per share was US$0.35. AMD’s first-quarter operating profit was 54 million U.S. dollars, and its operating profit for the same period last year was 182 million U.S. dollars.
Excluding Special items, AMD's adjusted first-quarter earnings per share was $0.08, which was better than analysts had expected. According to a Thomson Reuters survey, analysts had expected AMD’s adjusted first-quarter earnings per share to be US$0.05, with revenue of US$1.61 billion. AMD's gross profit margin for the first quarter was 43%, down from 47% in the same period of last year.
In the first quarter of 2011, AMD Computer Solutions' sales amounted to US$1.22 billion, compared to US$1.16 billion in the same period of last year; operating profit was US$100 million, and operating profit for the same period last year was US$146 million. AMD Graphics' sales was $413 million, compared to $409 million in the same period last year; operating profit was $19 million, and operating profit was $47 million in the same period last year. AMD's other departments had sales of US$0, compared with US$5 million in the same period last year; operating losses were US$65 million, and operating losses for the same period last year were US$11 million.
As of the end of the first fiscal quarter, AMD held cash, cash equivalents, and marketable securities totaling $1.75 billion. At the same time, AMD expects that the company's revenue in the second quarter will be flat or slightly lower than the first quarter.
AMD shares closed at $8.71 in regular trading on the New York Stock Exchange on Thursday, up $0.08 or 0.93% from the previous day. In the subsequent after-hours trading, AMD shares fell 0.06 US dollars, a decrease of 0.69% to close at 8.66 US dollars. In the past 52 weeks, AMD's lowest stock price was 5.53 US dollars, the highest stock price was 10.15 US dollars.
In the first quarter ended April 2, AMD’s net revenue was US$1.61 billion, an increase of 2% from US$1.57 billion in the same period last year. AMD's net profit attributable to shareholders was $510 million, and earnings per share were $0.68. This performance was better than the same period of last year. In the first quarter of fiscal year 2010, AMD’s net profit was US$257 million, and its earnings per share was US$0.35. AMD’s first-quarter operating profit was 54 million U.S. dollars, and its operating profit for the same period last year was 182 million U.S. dollars.
Excluding Special items, AMD's adjusted first-quarter earnings per share was $0.08, which was better than analysts had expected. According to a Thomson Reuters survey, analysts had expected AMD’s adjusted first-quarter earnings per share to be US$0.05, with revenue of US$1.61 billion. AMD's gross profit margin for the first quarter was 43%, down from 47% in the same period of last year.
In the first quarter of 2011, AMD Computer Solutions' sales amounted to US$1.22 billion, compared to US$1.16 billion in the same period of last year; operating profit was US$100 million, and operating profit for the same period last year was US$146 million. AMD Graphics' sales was $413 million, compared to $409 million in the same period last year; operating profit was $19 million, and operating profit was $47 million in the same period last year. AMD's other departments had sales of US$0, compared with US$5 million in the same period last year; operating losses were US$65 million, and operating losses for the same period last year were US$11 million.
As of the end of the first fiscal quarter, AMD held cash, cash equivalents, and marketable securities totaling $1.75 billion. At the same time, AMD expects that the company's revenue in the second quarter will be flat or slightly lower than the first quarter.
AMD shares closed at $8.71 in regular trading on the New York Stock Exchange on Thursday, up $0.08 or 0.93% from the previous day. In the subsequent after-hours trading, AMD shares fell 0.06 US dollars, a decrease of 0.69% to close at 8.66 US dollars. In the past 52 weeks, AMD's lowest stock price was 5.53 US dollars, the highest stock price was 10.15 US dollars.
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