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AMD beats earnings estimates, misses Q4 guidance

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The chipmaker is betting its new chips can help it gain position in the AI race.

While it beat estimates on the top and bottom line, it missed on its Q4 guidance. The company's shares fell about 4% in after hours trading.

AMD's newest data center chip, the MI300, may help the company gain on their competition. "AMD is particularly well-positioned to thrive in as its AI revenues ramp at the same time," wrote Wedbush's Matt Bryson, who rates the stock Outperform, on Oct. 25. TORONTO — TMX Group Ltd. reported its third-quarter profit rose compared with a year ago, helped by higher revenue, partly offset by an increase in operating expenses. The operator of the Toronto Stock Exchange says its earned net income attributable to equity holders totalled $85.3 million or 31 cents per diluted share for the quarter ended Sept. 30. The result was up from a profit of $81.0 million or 29 cents per diluted share in the same quarter last year. Revenue totalled $287.

 

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