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

Market news

27 January 2021

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

Advanced Micro (AMD) reported Q4 FY 2020 earnings of $0.52 per share (versus $0.32 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.30 per share.

The company’s quarterly revenues amounted to $3.244 bln (+52.5% y/y), beating analysts’ consensus estimate of $3.025 bln.

The company also issued upside guidance for Q1 FY 2021, projecting revenues of ~$3.1-3.3 bln versus analysts’ consensus estimate of $2.73 bln.

For the full FY2021, the company guided revenues of ~+37% y/y, which implies $13.4 bln versus analysts’ consensus estimate of $9.72 bln.

AMD fell to $92.00 (-2.86%) in pre-market trading.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.