AMD revenue forecast falls short of estimates, shares sink [Reuters (UK)]
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: Reuters
AMD revenue forecast falls short of estimates, shares sink | Reuters 2 Min Read (Reuters) - Advanced Micro Devices Inc ( AMD.O ) on Wednesday forecast fourth-quarter revenue below estimates as the chipmaker wrestled with waning demand from cryptocurrency miners for its high-margin graphic processors, sending its shares down 21 percent. AMD said it expected revenue of about $1.45 billion, plus or minus $50 million, below analysts’ estimates of $1.6 billion, according to Refinitiv data. The chipmaker said sales in its graphics and computing business rose 12 percent to $938 million, but sales in its enterprise, embedded and semi-custom unit fell 5 percent to $715 million. AMD said strong sales of Ryzen chips were partially offset by lower revenue from its graphics business, where blockchain-related GPU sales were negligible. With cryptocurrency prices in free fall due to regulatory worries, miners are cutting back on their investments in equipment, hurting the company and chief gaming
Show less
Read more
Impact Snapshot
Event Time:
AMD
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AMD alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AMD alerts
High impacting Advanced Micro Devices, Inc. news events
Weekly update
A roundup of the hottest topics
AMD
News
- 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 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