Company News: Advanced Micro (AMD) posts EPS in line with analysts' estimate

Market news

1 May 2019

Company News: Advanced Micro (AMD) posts EPS in line with analysts' estimate

Advanced Micro (AMD) reported Q1 FY 2019 earnings of $0.06 per share (versus $0.11 in Q1 FY 2018), in line with analysts’ consensus.

The company’s quarterly revenues amounted to $1.272 bln (-22.8% y/y), beating analysts’ consensus estimate of $1.257 bln.

The company also issues in-line guidance for Q2, projecting revenues of $1.47-1.57 bln versus analysts’ consensus estimate of $1.52 bln.

AMD rose to $29.05 (+5.14%) in pre-market trading.

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