AMD Shares Pop Despite Missing Revenue Expectations [TheStreet.com]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: TheStreet.com
AMD Shares Pop Despite Missing Revenue Expectations Shares of Advanced Micro Devices Inc. ( AMD The stock was rising 7% to $20.66 a share in after hours trading on Tuesday, after having fallen 4.61% to $19.25 in regular hours trading. AMD posted adjusted earnings-per-share of 8 cents, in line with estimates of an adjusted 8 cents. Revenue was $1.42 billion, slightly below estimates for $1.44 billion. Computing and graphics revenue was $986 million, beating estimates of $939 million. Enterprise embedded and semi-custom revenue was $433 million, below estimates of $494 million. Management guided for first quarter 2019 revenue of roughly $1.25 billion, plus or minus $50 million, below estimates of $1.47 billion. AMD expects adjusted gross margins to be about 41% for the upcoming quarter. That's slightly higher than the expected 40.5% gross margin. "Despite near-term graphics headwinds, 2019 is shaping up to be another exciting year driven by the launch of our broadest and most competitiv
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News
- Advanced Micro Devices (AMD) Expected to Beat Earnings Estimates: Can the Stock Move Higher? [Yahoo! Finance]Yahoo! Finance
- Here's Why Advanced Micro Devices (AMD) Gained But Lagged the Market Today [Yahoo! Finance]Yahoo! Finance
- 10 Stocks American Politicians are Buying in 2024 [Yahoo! Finance]Yahoo! Finance
- 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
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