Shares of Advanced Micro Devices (NASDAQ: AMD) are rising today, up by 6.4% as of 12:12 p.m. EDT, after the semiconductor company reported Q2 2021 earnings that beat analyst predictions with a stick. When calculated according to generally accepted accounting principles (GAAP), of course, AMD's numbers weren't quite as good as those pro forma numbers suggest -- but they were good enough. Gross profit margin jumped 4 full percentage points to 48%, and operating profit margin more than doubled to 22%.
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