Reported 8 months ago
AMD reported earnings for its third fiscal quarter that met EPS expectations and surpassed revenue forecasts, yet its stock fell over 9% due to a lower-than-expected Q4 revenue outlook. The company anticipates Q4 revenues between $7.2 billion and $7.8 billion, while Wall Street was expecting $7.55 billion. Notably, while demand remains strong in its data center and client segments, the gaming sector saw a dramatic 69% revenue decline year-over-year. Despite the challenges, CEO Lisa Su pointed to significant growth opportunities in other areas.
Source: YAHOO