AMD forecast buoys confidence in the chipmaker [Business News Network (BNN) Energy & Resources (Canada)]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: Business News Network
AMD forecast buoys confidence in the chipmaker Advanced Micro Devices Inc. ( AMD.O ) gave a quarterly sales forecast that was in line with analysts’ estimates, indicating renewed momentum in its bid to take market share from Intel Corp. in microprocessors. Shares jumped more than 8 per cent in late trading. Second-quarter revenue will be about US$1.52 billion, Santa Clara, California-based AMD said Tuesday in a statement. That matched the average analysts’ projection compiled by Bloomberg. The company also posted sales for the first quarter that exceeded predictions, buoyed by demand for personal-computer processors. Chief Executive Officer Lisa Su has promised that a raft of new products AMD debuted over the past two years will help her carve out a more profitable and sustainable chunk of the market for PC chips. Investors have bid up AMD stock, which has more than doubled in the past year, on optimism that she’ll reach that goal, but are looking for evidence in the company’s results
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News
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- AMD to Report Fiscal First Quarter 2024 Financial ResultsGlobeNewswire
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