Still, Acree adds that "we don't know at what magnitude," the headwinds will hurt Advanced Micro Devices' subsequent quarters; he notes that these headwinds will be offset by corporate activity in the U.S., which means more enterprise spending on high gross margin products and "all of that drives profitability." Analysts are expecting third quarter earnings of 13 cents a share on revenue of $1.66 billion for Advanced Micro Devices. For the first quarter, the company had reported net income of $63 million, compared with a loss of $189 million in the year-ago quarter. Earnings per share was 9 cents, beating the consensus estimate of 5 cents. Advanced Micro Devices had posted 12 straight quarterly losses until the fourth quarter and attributed the first quarter's success to an increase in PC sales and shipments and a strong product pipeline. Advanced Micro Devices is trading3.9% higher at $7.65 in late Tuesday afternoon trading, while Intel is up 2% to $20.97. -- Reported by Andrea Tse in New York Get more stock ideas and investing advice on our sister site, Stockpickr.com. Follow Andrea Tse on Twitter and become a fan on Facebook.