Company News: Advanced Micro (AMD) quarterly results match analysts' estimates

Market news

30 October 2019

Company News: Advanced Micro (AMD) quarterly results match analysts' estimates

Advanced Micro (AMD) reported Q3 FY 2019 earnings of $0.18 per share (versus $0.13 in Q3 FY 2018), matching analysts’ consensus estimate of $0.18.

The company’s quarterly revenues amounted to $1.801 bln (+9.0% y/y), generally in line with analysts’ consensus estimate of $1.807 bln.

The company also issued in-line guidance for Q4 FY 2019, projecting revenue of $2.05-2.15 bln versus analysts’ consensus estimate of $2.15 bln.

AMD fell to $32.88 (-0.45%) in pre-market trading.

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