AMD beats earnings estimates, misses Q4 guidance

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.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AMD earnings preview: The race to catch Nvidia is onThe chipmaker is betting its new chips can help it gain position in the AI race.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

AMD hyper-focused on AI outlook ahead of Q3 earningsAMD (AMD) will release third-quarter earnings after Tuesday's closing bell, with Wall Street hoping for positive results despite other mixed Big Tech...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

AMD earnings, defense rests in Sam Bankman-Fried trial: Yahoo Finance LiveChipmaker Advanced Micro Devices (AMD) is set to release its third quarter results. Investors will be looking to see how it stacks up against rival Intel’s (...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

AMD’s New AI Chip Poised to Steal Earnings SpotlightAMD has developed a new AI chip that is expected to generate significant earnings for the company.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

AMD Q3 earnings beat, but outlook disappointsAdvanced Micro Devices (AMD) reported third quarter results that beat analyst estimates. Adjust earnings of $0.70 per share, compared to estimates of $0.68...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »