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Stock impact report

How AMD's Stock Rose 32% in January [The Motley Fool]

Advanced Micro Devices, Inc. (AMD) 
Last advanced micro devices, inc. earnings: 4/28 04:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.amd.com/investor-overview
Company Research Source: The Motley Fool
How AMD's Stock Rose 32% in January The semiconductor designer delivered mixed fourth-quarter results and a weak next-quarter guidance report, but management liked their chances to achieve single-digit growth in 2019. Shares of Advanced Micro Devices ( NASDAQ:AMD ) gained 32.2% in January of 2019, according to data from S&P Global Market Intelligence . The price increase hinged on AMD's solid fourth-quarter report at the very end of last month. In the fourth quarter of 2018, AMD saw sales rise 6% year over year to $1.42 billion. On the bottom line, adjusted earnings increased from $0.01 to $0.08 per share. The revenue result landed just below analyst expectations, while earnings met Wall Street's expectations. The microchip designer also guided first-quarter revenue 24% below the year-ago period's reading. If all of this sounds more like reasons for a plunging stock than a big gain, you're absolutely right. However, AMD also guided full-year revenue to "high single-digit percentage" Show less Read more
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