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

Market news

29 April 2020

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

Advanced Micro (AMD) reported Q1 FY 2020 earnings of $0.18 per share (versus $0.06 per share in Q1 FY 2019), in line with analysts' consensus estimate.

The company's quarterly revenues amounted to $1.786 bln (+40.4% y/y), roughly in line with analysts' consensus estimate of $1.792 bln.

The company also issued in-line revenue guidance for both Q2 and the full year, projecting a respective ~$1.75-1.95 bln (versus analysts' consensus estimate of $1.9 bln) and ~$8.078-8.75 bln (versus analysts' consensus estimate of. $8.39 bln).

AMD fell to $54.15 (-2.45%) in pre-market trading.

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