AMD Remains on Track to Meet Its Targets, Says Analyst

TipRanks2022-08-06

Advanced Micro Devices (AMD)could not deliver the by now almost customary beat-and-raise in its latest quarterly statement, even as the company delivered record revenues driven by a big growth for its...

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Comments

hohok
2022-08-07
hohok
Good
K20
2022-08-07
K20
Okay
来人
2022-08-07
来人
Ok
Jess261
2022-08-07
Jess261
Okay
Seah CL
2022-08-07
Seah CL
K
jilimi
2022-08-06
jilimi
👍

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For the bottom-line, adj. EPS hit $1.05, 2 cents above the $1.03 predicted by Wall Street. Data center was the star of the show, as revenue surged by 83% from the same period last year.AMD stock recently overtook its once far bigger rival Intel’s market cap, and as an indication of how AMD is trouncing it in the data-center market, Intel recently reported a 16% year-over-year sales decline for its data-center server segment.However, marring the occasion, the top-line outlook just missed Street expectations. Due to the ongoing weakness in PCs, although AMD managed to meet its target for Q3 sales between $6.5 billion to $6.9 billion, the figure came in shy of the analysts’ call for $6.84 billion. 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