Massdriver Posted July 26, 2018 Share Posted July 26, 2018 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 Quote Link to comment Share on other sites More sharing options...
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