AMD has released its latest quarterly results, and most analysts liked what they saw. The chipmaker reported Tuesday after th e bell earnings per share of 69 cents on revenue of $5.6 billion . Analysts expected a profit of 67 cents per share on revenue of $5.5 billion. AMD shares popped about 3%. However, the semiconductor manufacturer also announced a likelihood of a 10% decline in year-over-year sales for the current quarter, putting a slight overhang on some analyst outlooks for this year.
"While we expect the competitive landscape in PC and the near-term correction in Data Center to potentially weigh on investor sentiment, we remain constructive on the stock given our expectation for significant market share expansion in server CPU and the potential for margin improvement in 2H23/2024 driven by higher volumes and better mix vs. 1H23 - both idiosyncratic in nature," Hari wrote in a client note on Wednesday.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Stock Market News: Boeing delivers last 747, stocks lower on Tuesday, AMD reports todayThe Boeing company is delivering last 747 jumbo jet to Atlas Air as stocks open lower on Wall Street
Leer más »
The Computer Chip Wars: How AMD Ended Intel's Market DominanceWatch: When you think of computer chips, you probably think of Intel. But in 2022, the company gave up its top spot in market value to a rival: AMD. We explain why.
Leer más »