Chip designer Advanced Micro Devices, Inc. (AMD) posted a mixed bag of earnings today as its EPS missed analyst estimates while its revenue topped them. AMD reported $7.6 billion in revenue and $0.48 in EPS, while analysts had pencilled in $7.4 billion and $0.49. Crucially, however, the firm's guidance of $8.4 billion to $9 billion for the current quarter beat analyst estimates of $8.3 billion, but was insufficient to stem a 4.2% share price drop in aftermarket trading after the earnings report hit the wires. AMD Posts Operating Loss In Q2 As High Costs Of Goods Sold Bite Into Firm's […]
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