AMD posts third quarter financials


— 1:23 AM on October 12, 2005

AMD has posted some impressive financial results for the third quarter of this year.

SUNNYVALE, Calif. -- October 11, 2005 --AMD (NYSE:AMD) today reported sales of $1.523 billion and net income of $76 million, amounting to $0.18 per diluted share, for the quarter ended September 25, 2005.

Third quarter sales were up 23 percent compared to the third quarter of 2004 and increased 21 percent from the second quarter of 2005. In the third quarter of 2004, AMD reported sales of $1.239 billion and net income of $44 million, or $0.12 per diluted share. In the second quarter of 2005, AMD reported sales of $1.260 billion and net income of $11 million, or $0.03 per share. Operating income in the third quarter of 2005 was $79 million as compared to operating income of $68 million in the third quarter of 2004 and an operating loss of $7 million in the second quarter of 2005.

A strong performance from AMD's microprocessor division drove the company's record sales. Processor sales grew 44% from the third quarter of 2003, and 26% from the second quarter of this year. AMD expects microprocessor sales to grow a further 7-13% for the fourth quarter of this year.
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