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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 EODHD/Others 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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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 EODHD/Others 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.
