Chipmaker Superior Micro Gadgets, Inc. (NASDAQ: AMD) reported a rise in income and adjusted earnings for the third quarter of 2024.
Third-quarter earnings, on an adjusted foundation, rose to $0.92 per share from $0.70 per share within the corresponding interval final yr. Earnings topped expectations. On a reported foundation, internet revenue was $771 million or $0.47 per share in Q3, in comparison with $299 million or $0.18 per share within the prior-year interval.
Revenues elevated to $6.82 billion within the September quarter from $5.8 billion within the comparable interval of fiscal 2023, because the restoration in chip demand continued.
