xx-Advanced Micro swings to profit

SAN FRANCISCO Thu Oct 17, 2013 4:19pm EDT

SAN FRANCISCO Oct 17 (Reuters) - Advanced Micro Devices reported a third-quarter net profit of $48 million, or 6 cents a share, compared to a net loss of $157 million or 21 cents a share in the year-ago quarter as the chipmaker turns to upcoming game consoles to offset slow demand for personal computers.

AMD said on Thursday its third-quarter revenue was $1.46 billion, compared to $1.27 billion in the same quarter last year. Analysts on average expected third-quarter revenue of $1.416 billion, according to Thomson Reuters I/B/E/S.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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