AMD’s Q3 profits soar, Twitter (TWTR) hits 211 mn daily active users

Highlights

  • Advanced Micro Devices, Inc’s (NASDAQ: AMD) revenue jumped 54% YoY in Q3, FY21.

  • AMD raises revenue guidance for fiscal 2021 to 65% YoY from 60% projected earlier.

  • Twitter, Inc’s (NYSE: TWTR) revenue surged 37% YoY in Q3, FY21.

Advanced Micro Devices, Inc. (NASDAQ: AMD) and Twitter, Inc. (NYSE: TWTR) on Tuesday reported solid third-quarter revenue growth after the closing bell.

AMD stock was up 0.63% to US$123.71, while TWTR stock traded at US$63.42, up 3.24%, in the after-market trading session.

Third-quarter highlights

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Advanced Micro Devices, Inc. (NASDAQ: AMD)

Advanced Micro Devices is a semiconductor manufacturing company based in Santa Clara, California. It develops computer processors and other related products for clients.

Its revenue surged 54% YoY to US$4.31 billion in Q3, FY21. Its gross profit was US$2.08 billion, representing an increase of 70% from the same quarter of the previous year.

The operating income was US$948 million compared to US$449 million in Q3, FY20. Its GAAP net income came in at US$923 million, or US$0.75 per share, compared to US$390 million, or US$0.32 per share, in the previous year's third quarter.

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Analysts had estimated EPS of US$0.67 per share on revenue of US$4.12 billion, according to Refinitiv data.

For the fourth quarter of fiscal 2021, AMD expects its revenue to increase by around 39% YoY to US$4.5 billion, plus or minus US$100 million. It also raised its full-year revenue forecast to about 65% YoY from the previous guidance of 60%.

Its market cap is US$149.10 billion, the P/E ratio is 43.9, and the forward P/E one year is 53.90. Its EPS is US$2.80. The 52-week highest and lowest stock prices were US$123.46 and US$72.50, respectively. Its trading volume was 47,834,120 on October 25.

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Earnings Highlights: Advanced Micro Devices, Inc. (AMD) and Twitter, Inc. (TWTR)

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Twitter, Inc. (NYSE: TWTR)

Twitter is a social networking company based in San Francisco, California, and runs a microblogging and social networking platform.

Its revenue grew by 37% YoY to US$1.28 billion in Q3, FY21. Its loss from operations was US$742.54 million against an income of US$56.10 million in the year-ago quarter.

It reported a net loss of US$536.75 million, or a loss of US$0.67 per diluted share, versus an income of US$28.65 million, or US$0.04 per diluted share in Q3, FY20.

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Twitter's monetizable daily active users were 211 million in Q3, FY21, while analysts estimated it to be 212.6 million, according to Refinitiv data.

The social networking company is expecting its revenue to be between US$1.5 billion and US$1.6 billion in Q4, FY21. It also projected its GAAP operating income to be between US$130 million and US$180 million in the fourth quarter of fiscal 2021.

Its market cap is US$49.01 billion, the P/E ratio is 130.7, and the forward P/E one year is 177.46. Its EPS is US$0.47. The stock saw the highest price of US$80.75 and the lowest price of US$38.93 in the last 52 weeks. Its share volume on October 25 was 15,874,510.

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Bottomline

Both the stocks saw considerable growth in recent months. The AMD stock rose 34.79% YTD, while TWTR stock rose by 12.75% YTD. However, investors should evaluate the companies and consider market volatility before investing in stocks.

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