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AMD reported results for the quarter ended in June that beat estimates for profit and revenue, but the chipmaker gave a forecast for the current quarter that trailed Wall Street expectations.
AMD stock fell 6% in extended trading.
Here’s how the company did:
- EPS: $1.05, adjusted, versus $1.03 expected, according to Refinitiv
- Revenue: $6.55 billion, versus $6.53 billion expected, according to Refinitiv
The chipmaker said it expected $6.7 billion in revenue during the current quarter, plus or minus $200 million. Analysts had expected $6.83 billion.
AMD currently has a significant market opportunity as its primary rival for PC and server processors, Intel, stumbles with execution.
Chris Stowers |…
Source cnbc.com
