AMD earnings and forecast beat, sending stock soaring [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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ir.amd.com/investor-overview
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Source: MarketWatch
AMD earnings and forecast beat, sending stock soaring Advanced Micro Devices Inc. relieved concerns about its recent growth Wednesday by producing more profit than expected and projecting that revenue growth would accelerate, sending shares higher in after-hours trading. AMD AMD, -3.77% reported first-quarter net income of $81 million, or 8 cents a share, on sales of $1.65 billion, up about 40% from $1.34 billion a year ago. After adjusting for stock-based compensation and other factors, the company claimed earnings of 11 cents a share, up from a break-even performance a year ago. The company guided for even stronger revenue growth in the current quarter. AMD predicted revenue of $1.68 billion to $1.78 billion, while analysts were forecasting $1.58 billion. At the midpoint, AMD said that would mean 50% revenue growth. AMD stock gained about 8% after closing with a 3.8% decline at $9.71. Shares have declined 28% in the past year, as the S&P 500 index SPX, +0.18% has gained 10.3%.
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AMD
Earnings
- 1/30/24 - Beat
AMD
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- AMD's page on the SEC website