Advanced Micro (AMD) reported Q2 FY 2019 earnings of $0.08 per share (versus $0.14 in Q2 FY 2018), in line with analysts’ consensus estimate.
The company’s quarterly revenues amounted to $1.531 bln (-12.8% y/y), generally in line with analysts’ consensus estimate of $1.523 bln.
The company also issued downside guidance for Q3 FY 2019, projecting revenues of $1.75-1.85 bln versus analysts’ consensus estimate of $1.94 bln.
For the full year 2019, AMD now expects revenue to increase a mid-single-digit percent over 2018, down from high single-digit growth prior and versus analysts’ consensus estimate of +6.3%.
AMD fell to $32.12 (-5.17%) in pre-market trading.