Company News: Advanced Micro (AMD) quarterly results beat analysts’ expectations

Market news

27 October 2020

Company News: Advanced Micro (AMD) quarterly results beat analysts’ expectations

Advanced Micro (AMD) reported Q3 FY 2020 earnings of $0.41 per share (versus $0.18 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.31 per share.

The company’s quarterly revenues amounted to $2.801 bln (+55.5% y/y), beating analysts’ consensus estimate of $2.563 bln.

The company also issued upside guidance for Q4 FY 2020, projecting revenues of $2.90-3.10 bln versus analysts’ consensus estimate of $2.62 bln.

AMD fell to $79.78 (-2.98%) in pre-market trading.

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