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Advanced Micro Devices Inc. (NYSE:AMD) reported its results for the third quarter. Reported a profit of $97 million (13 cents per diluted share) in the quarter. Advanced Micro Devices Inc. had a net loss of $118 million or a loss 17 cents per share in the year earlier quarter. Revenue rose 4.4% to $1.69 billion from the year earlier quarter. AMD reported adjusted net income of 15 cents per share. By that measure, the company beat the mean estimate of 10 cents per share. It beat the average revenue estimate of $1.65 billion.
“Strong adoption of AMD APUs drove a 35 percent sequential revenue increase in our mobile business,”said Rory Read, AMD president and CEO.”Despite supply constraints, we saw double digit revenue and unit shipment growth in emerging markets like China and India as well as overall notebook share gains in retail at mainstream price points. Through disciplined execution and continued innovation we will look to accelerate our growth and refine our focus on lower power, emerging markets, and the cloud.”
Competitors to Watch: Intel Corporation (NASDAQ:INTC), NVIDIA Corporation (NASDAQ:NVDA), MIPS Technologies, Inc. (NASDAQ:MIPS), Texas Instruments Inc. (NYSE:TXN), ARM Holdings plc (NASDAQ:ARMH), Microsoft Corporation (NASDAQ:MSFT), Intl. Business Machines Corp. (NYSE:IBM), Hewlett-Packard Company (NYSE:HPQ), Broadcom Corporation (NASDAQ:BRCM), and Apple Inc. (NASDAQ:AAPL).
KLA-Tencor Corporation (NASDAQ:KLAC) reported its results for the first quarter. Net income for the semiconductor company rose to $192 million ($1.13 per share) vs. $154.2 million (91 cents per share) in the same quarter a year earlier. This marks a rise of 24.5% from the year earlier quarter. Revenue rose 16.7% to $796 million from the year earlier quarter. KLAC reported adjusted net income of $1.17 per share. By that measure, the company fell in line with the mean estimate of $1.17 per share. Analysts were expecting revenue of $791.9 million.
“KLA-Tencor’s market leadership and strong business model enabled us to deliver solid financial results in the first quarter of fiscal year 2012, despite a challenging global economic and industry environment,” commented Rick Wallace, president and chief executive officer of KLA-Tencor. “Though some of our customers are delaying capacity expansion plans today as they assess current macroeconomic and industry conditions, we are well-positioned to benefit from the investments that our customers are continuing to make in driving their advanced technology roadmaps.”
Competitors to Watch: Rudolph Technologies, Inc. (NASDAQ:RTEC), Nanometrics Incorporated (NASDAQ:NANO), Nova Measuring Instruments Ltd. (NASDAQ:NVMI), Applied Materials, Inc. (NASDAQ:AMAT), Zygo Corporation (NASDAQ:ZIGO), Camtek LTD. (NASDAQ:CAMT), CyberOptics Corporation (NASDAQ:CYBE), Lam Research Corporation (NASDAQ:LRCX), LTX-Credence Corporation (NASDAQ:LTXC), and Cohu, Inc. (NASDAQ:COHU).
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