AMD posts Q3 revenue of $5.6B, up 29% but profits slip 93%

Advanced Micro Devices reported that its third-quarter revenues were $5.6 billion for the three months ended September 30, up 29% from the same quarter a year ago.

The company had said on October 6 that its earnings would be below its previous guidance. Client segment revenue saw a shortfall of $1 billion due to softening PC demand and inventory reductions across the PC supply chain.