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AMD Dips In Aftermarket After Lackluster First Quarter Earnings Report

NewsTech

Published:

Like larger rival Intel, chip designer AMD's shares fell in aftermarket trading after the firm managed to beat analyst revenue and EPS estimates for the first quarter by a hairline and met analyst forecasts for the current quarter's revenue. For its first quarter of 2024, AMD earned $5.47 billion in revenue and 62 cents in adjusted earnings per share, which were nearly in line with analyst estimates of $5.46 billion and 61 cents. Its guidance of $5.7 billion in second quarter sales also met analyst estimates, implying to investors that, as of now, the firm is seeing little growth, particularly […]

Read full article at https://wccftech.com/amd-dips-in-aftermarket-after-lackluster-first-quarter-earnings-report/

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