AMD earnings hit the target, but trimmed annual forecast sends stock down

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Advanced Micro Devices Inc. shrank in the extended session Tuesday after the chip company admitted that the COVID-19 pandemic would trim its growth in 2020.

Advanced Micro Devices Inc. shares fell in the extended session Tuesday after the chip company admitted that the COVID-19 pandemic would trim its growth in 2020.

The company, which has not rescinded annual guidance like many others have, decreased its expectations for 2020 sales, and now expects revenue to grow 20% to 30% from 2019, after previously projecting 28% to 30% revenue growth. The company maintained its guidance for adjusted gross margin of 45%. AMD has yet to ease up on its release of new chips this year, with the recent launch of consumer desktop chips in its third-generation Ryzen line, and three new Epyc-branded processors for the database, commercial high-performance computer and hyperconvergence markets.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Sell

Everyone is trimming what do ppl expect? Overreacting per usual.

Lisa Su is the best!

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Alphabet earnings hit by ‘significant slowdown’ in ad sales, but revenue boosts stockGoogle’s profits were damaged even more than expected as the COVID-19 pandemic caused “a significant slowdown in ad revenues,” parent company Alphabet Inc.... Of course, the FED is buying to support the retirement fund Ponzi scheme.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Caterpillar is about to report earnings, and Oppenheimer sees stock stabilizingCaterpillar is set to report earnings, one of the largest industrials stocks to give insight into how the coronavirus pandemic has hit the sector. TradingNation TradingNation Upside? For Cat? In 2020? Yeah right.
La source: CNBC - 🏆 12. / 72 Lire la suite »

5 things to know before the stock market opens TuesdayStocks are set to advance as Dow stocks 3M, Caterpillar and Pfizer rise on earnings and U.S. oil prices come off their lows.
La source: CNBC - 🏆 12. / 72 Lire la suite »

What to watch today: Stocks set to rally again, tracking to break three-month losing streakStocks are set to advance as Dow stocks 3M, Caterpillar and Pfizer rise on earnings and U.S. oil prices come off their lows. $ZNGA
La source: CNBC - 🏆 12. / 72 Lire la suite »