Advanced Micro Devices, Inc. (AMD), Electronic Arts Inc. (EA) Report Earnings

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Advanced Micro Devices, Inc. (AMD), Electronic Arts Inc. (EA) Report Earnings

Advanced Micro Devices and Electronic Arts released their latest earnings after closing bell tonight. AMD posted adjusted losses of 1 cent per share on $1.11 billion in sales, compared to Wall Street’s estimates of 1 cent per share in non-GAAP losses on $1.07 billion in sales. In the same quarter a year previously, the chip maker reported losses of 10 cents per share on $958 million in revenue. AMD had guided for an 18% quarter over quarter decline in sales, which was in line with the consensus and a 12% year over year increase.

Electronic Arts reported $1.15 billion in net revenue. The company broke even on a GAAP basis in the third quarter, marking a significant improvement from the 14 cents per share in lost in the same quarter a year previously. It no longer reports non-GAAP numbers. In the same quarter a year previously, the game maker reported $1.83 per share in adjusted earnings on $1.8 billion in adjusted sales and $1.07 billion in GAAP sales. Electronic Arts said in its previous quarter earnings report that it expected GAAP revenue for the fourth quarter to be around $1.13 billion.

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