AMD (AMD) shares were rising 7.2% in recent Wednesday trading after the company’s non-GAAP earnings and net revenue came in ahead of analysts’ forecasts.
The company reported Q3 non-GAAP earnings late Tuesday of $0.70 per diluted share, up from $0.67 a year earlier.
Analysts polled by Capital IQ expected $0.68.
Net revenue for the quarter ended Sept. 30 was $5.8 billion, up from $5.57 billion a year earlier.
Analysts expected $5.69 billion.
For Q4, the company said it expects revenue to be about $6.1 billion, plus or minus $300 million. Analysts polled by Capital IQ expect $6.39 billion.