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AMD announces 307% increase earnings year-over-year

AMD rides the Ryzen wave, experiences 307% increase in year-over-year Q3 earnings
By: Anthony Garreffa | CPU, APU & Chipsets News | Posted: Oct 25, 2017 1:28 am

There will be smiles all round at AMD with a huge 307% increase in year-over-year quarterly earnings, with a reported $110 million profit for Q3 2017, compared to the $27 million in Q3 2016.

 

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AMD was expected to make $0.08 per share by analysts, but blew past those delivering $0.10 per share. AMD's total revenue rose to $1.64 billion, a 25.2% increase over the $1.31 billion from last year. AMD has had a successful year of putting it to Intel, making Chipzilla react in ways they've never done before. Ryzen has been a success, and even more so for Ryzen Threadripper and AMD's exciting new server range with EPYC.

NEWS SOURCES:Nasdaq.com

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