AMD earnings Q3 2022


AMD President and CEO Lisa Su speaks during an AMD event at CES in Las Vegas on Jan. 6, 2020.

Bridget Bennett | Bloomberg | Getty Images

Advanced Micro Devices shares rose as much as 3% in extended trading on Tuesday after the chipmaker announced earnings and quarterly guidance that failed to meet Wall Street’s expectations.

Here’s how the company did:

  • Earnings: 67 cents per share, adjusted, vs. 68 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $5.57 billion, vs. $5.62 billion as expected by analysts, according to Refinitiv.

Overall, AMD’s revenue grew by 29% year over year in the fiscal third quarter, which ended Sept. 24, according to a statement. Net income fell…

Source cnbc.com

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