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…