Advanced Micro Devices, Inc. (NASDAQ:AMD) and Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) are scheduled to release their earnings results for the third-quarter on Thursday, October 16. What do analysts expect from the companies?

Earnings Preview: Advanced Micro Devices, Inc. and Google Inc

Earnings expectation for AMD

Wall Street analysts forecasted the Advanced Micro Devices, Inc. (NASDAQ:AMD) would be able to report $0.04 in earnings per share for the third-quarter, similar to its earnings in the same period a year ago. During the second-quarter, the company posted losses of $0.02 per share.

Its third quarter revenue is expected to be around $1.5 billion. The estimate was similar to its revenue in the year-ago quarter, according to data compiled by Bloomberg. Advanced Micro Devices, Inc. (NASDAQ:AMD) generated $1.4 billion in revenue in the second quarter.

The management of Advanced Micro Devices, Inc. (NASDAQ:AMD) estimated to achieve a 2%, plus or minus 3% increase in revenue for the current quarter.

Advanced Micro Devices, Inc. (NASDAQ:AMD) recently announced the appointment of Dr. Lisa Su as president and CEO. She replaced Rory Read, who led the company’s return to profitability.

Patrick Moorhead, founder and principal analyst at Moor Insights & Strategy described Su as “incredibly smart” and he believed that AMD will survive under her leadership.  However, he emphasized that many people are asking about the company’s ability to thrive and to return to its status as a high-growth technology company.

Earnings estimate for Google

On the other hand, Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is expected to achieve average earnings of $6.33 per share and revenue of $13.22 billion based on data compiled by Yahoo! Finance.

Analyst at RBC Capital Markets estimated that Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) will be able to report non-GAAP earnings of $6.33 per share and net revenue of $13.02 billion and gross revenue of $16.40 billion.

Meanwhile, Pivotal Research Group analyst Brian Wieser raised his price target for the shares of Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) from $570 to $600 per share and maintained their Hold rating for the stock.

Pivotal Research Group forecasted that the search engine giant will be able to generate $6.44 in earnings per share and $16.6 billion in revenue for the current quarter. Its previous estimate was $6.51 in earnings per share and $16.7 billion in revenue.

In a note to investors, Wieser emphasized that the firm view on Google Inc (NASDAQ:GOOG) (NASDAQ:GOOG) is “negative relative to consensus on long-term operating trends.”

According to him, the firm is positive about the near-term and long-term growth of the search engine giant, but it is concerned about margin trends. Wieser noted that the company’s margin have been declining over time. He suggested that Google’s weakening margins would likely persist as its revenue mix shifts away from high-margin self-service paid search.

Pivotal Research forecasted that Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) will achieve a 17% increase in advertising revenues for the third-quarter and 20% company-wide expansion before currency change. In addition, the firm estimated an EBITDA ex-TAC and stock-based compensation of 48.6% versus 50.4% in the third quarter a year ago.