AMD's third-quarter results better than expected

AMD on Thursday delivered better-than-expected earnings and revenue for the third quarter of 2010 as its results topped estimates.

The chipmaker had warned that its third-quarter sales would be lighter than projected because of tepid consumer demand. As with Intel's results on Wednesday, however, AMD's quarter was not as bad as feared.

AMD reported a third-quarter net loss of $118m (£73.6m), or 17 cents a share, on revenue of $1.62bn, down 2 percent from the second quarter and up 16 percent from a year ago. Non-GAAP earnings were 15 cents a share. Wall Street was expecting a profit of 6 cents a share on revenue of $1.61 billion.

For more on this ZDNet UK-selected story, see AMD's third quarter better than expected on ZDNet.com.