Jump to content

AMD stock rises after best earnings in 7 years


Recommended Posts

Quote

 

The Santa Clara, Calif.-based chip maker reported second-quarter net income of $116 million, or 11 cents a share, compared with a loss of $42 million, or 4 cents a share, in the year-ago period. Adjusted earnings were 14 cents a share. Of the 26 analysts surveyed by FactSet, AMD on average was expected to post adjusted earnings of 12 cents a share, while Estimize, a software platform that uses crowdsourcing from hedge-fund executives, brokerages, buy-side analysts and others, called for earnings of 14 cents a share.

 

Revenue rose to $1.76 billion from $1.15 billion in the year-ago period. Wall Street expected revenue of $1.72 billion, according to 25 analysts polled by FactSet. AMD had predicted revenue of $1.68 billion to $1.78 billion. Estimize expected revenue of $1.76 billion.

 

Sales of computing and graphics chips surged 64% from a year ago to $1.09 billion, driven by strong sales of Radeon and Ryzen chips, AMD said. Analysts had expected computing and graphics revenue of $1.06 billion.

 

Sales of enterprise, embedded and semi-custom chips segment revenue rose 37% from a year ago to $670 million. Analysts had forecast enterprise, embedded and semi-custom sales of $661 million.

 

https://www.marketwatch.com/story/amd-stock-rises-after-strong-revenue-fuels-earnings-beat-2018-07-25

 

Advanced Micro Devices Earnings Boosted by ‘Epyc’ Sales

https://www.barrons.com/articles/advanced-micro-devices-earnings-boosted-by-epyc-sales-1532554046

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...