NEW YORK ( TheStreet) -- AMD ( AMD) swung to a profit in the third quarter, citing strong demand for its mobile processors.

The no. 2 chipmaker earned $97 million, or 13 cents a share, in the latest quarter, up from a year-ago equivalent loss of $118 million, or 17 cents a share. On a non-GAAP basis, AMD earned $110 million, or 15 cents a share, in the quarter.

Analysts surveyed by Thomson Reuters were looking for earnings of 10 cents a share.

Shares were surging 10.5% to $5.89.


Whirlpool ( WHR) significantly reduced its outlook for 2011 earnings and said it would cut 5,000 jobs to trim costs and expand its operating margins.

Shares were plummeting 10.1% to $54.39 in premarket trading Friday.


Chinese Internet giant Baidu ( BIDU) reported that revenue totaled $654.7 million in the third quarter, up 85% from year-ago levels. Baidu said it earned $285 million in the period, or 84 cents per ADS. Excluding share-based compensation expense, the company's profit was 86 cents per ADS.

Baidu was jumping 7.7% to $149.05.


Video game developer Electronic Arts ( ERTS) said its iscal second-quarter loss widened to $1.03 a share from 61 cents the same time last year.

Shares were losing 5.1% to $23.25.


Casino-resort developer and operator Las Vegas Sands ( LVS) reported third-quarter profit of 55 cents a share, beating the average analyst estimate of 52 cents.

Shares were adding 3.7% to $47.09.


Drugmaker Merck ( MRK) reported third-quarter earnings of 94 cents a share, beating the average analyst estimate of 91 cents.

Shares were rising 2.7% to $35.25.


Biotechnology company Biogen ( BIIB) reported third-quarter profit of $1.61 a share, beating the Wall Street consensus estimate of $1.53.

Shares were rising 1.9% to $120.


Forest products company Weyerhaeuser ( WY) reported third-quarter earnings of 12 cents a share, in line with estimates.

Shares were up 0.9% to $18.10.


HP ( HPQ) will keep its PC division, the company announced on Thursday, after spending the last few months considering a spinoff of its computer business.

Shares were up 0.8% to $27.30.


Oil major Chevron ( CVX) reported third-quarter profit of $3.92 a share, beating the average analyst estimate of $3.48 a share. Sales and other operating revenues in the third quarter were $61 billion, up from $48 billion in the year-ago period, mainly due to higher prices for crude oil and refined products.

Shares were down 0.4% to $108.87.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

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