AMD beats Q2 estimates, splits stock

Advanced Micro Devices Inc. reported second-quarter results that blew past analyst forecasts on Wednesday and also set a 2-for-1 stock split. The chip maker said net income for the quarter ended July 2 rose to $207.1 million, or $1.21 a share, from $79.9 million, or 53 cents a share, a year ago. Sales nearly doubled to $1.17 billion from $595.1 million. The results easily topped analyst forecasts of $1.14 a share, according to First Call/Thomson Financial, which tracks analyst forecasts. The company has been on a roll since the introduction of its flagship Athlon processor, which competes directly with Intel's Pentium III. Full story. -- Reuters