Reported 27 days ago
AMD's third quarter earnings met analyst expectations for earnings per share and surpassed revenue predictions, but the company's Q4 revenue outlook of $7.2 to $7.8 billion fell short of Wall Street's $7.55 billion consensus, leading to a 9% drop in its stock price. The chipmaker reported adjusted earnings per share of $0.92 on revenues of $6.8 billion, driven by strong demand in its data center and client segments, but faced a steep 69% decline in its gaming segment. Despite these challenges, CEO Lisa Su emphasized growth opportunities ahead.
Source: YAHOO