Earnings Results: AMD’s stock rallies after hours as full-year outlook holds out hope [MarketWatch]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: MarketWatch
AMD’s stock rallies after hours as full-year outlook holds out hope Advanced Micro Devices Inc. shares rallied in the extended session Tuesday after the chip maker’s full-year outlook held out some promise, while its revenue and first-quarter outlook missed Wall Street estimates and earnings were in-line. AMD shares AMD, -4.61% rallied 8.7% after hours, following a 4.6% decline to close the regular session at $19.25. In comparison, the S&P 500 SPX, -0.15% closed down 0.2%, the tech-heavy Nasdaq Composite Index COMP, -0.81% closed down 0.8%, and the PHLX Semiconductor Index SOX, -1.45% finished down 1.5%. For 2019, AMD said it expects “high single-digit percentage revenue growth driven by Ryzen, Epyc and Radeon data-center GPU product sales as the company ramps 7nm products throughout the year.” Analysts forecast 2019 revenue of $6.89 billion, or 6.3% higher than AMD’s reported 2018 revenue of $6.48 billion For the first quarter, AMD expects revenue of $1.2 billion to $1.3
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News
- Advanced Micro Devices, Inc. (NASDAQ: AMD) had its price target raised by analysts at TD Cowen from $185.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
- Advanced Micro Devices, Inc. (NASDAQ: AMD) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $200.00 price target on the stock.MarketBeat
- AMD Expands Portfolio With the Launch of Ryzen PRO Series [Yahoo! Finance]Yahoo! Finance
- Is Trending Stock Advanced Micro Devices, Inc. (AMD) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Here's Why Advanced Micro Devices (NASDAQ:AMD) Can Manage Its Debt Responsibly [Yahoo! Finance]Yahoo! Finance
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