AMD reports $1.3 billion in Q3 revenue on higher console chip sales

Advanced Micro Devices said its financial performance for the third quarter beat Wall Street’s expectations for the maker of PC and server processors.

AMD reported revenue of $1.3 billion (on a non-GAAP basis) in the third quarter ended September 30, compared with $1.06 billion a year earlier. Net profit on a non-GAAP basis was 3 cents a share, compared with a loss of 17 cents a share a year ago. Analysts had expected a non-GAAP loss of 1 cent a share on revenue of $1.21 billion.