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AMD’s Weak Q4 Guidance Leads To 7% Share Price Drop In Aftermarket Trading

NewsTech

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AMD shares sank by 7% in after market after the firm's fourth quarter guidance added to investor fears of tight supply constraining semiconductor designers' ability to meet lofty profit and revenue expectations. The firm earned $6.82 billion in revenue and $0.92 in adjusted EPS for its third quarter, both of which beat analyst estimates. Analysts had penned AMD's revenue and earnings at $6.7 billion and $0.70, respectively making the third quarter results a strong beat. However, AMD's Q4 revenue guidance of $7.2 billion to $7.8 billion, with a midpoint of $7.5 billion, missed analyst estimates of $7.54 billion. AMD Data […]

Read full article at https://wccftech.com/amds-weak-q4-guidance-leads-to-7-share-price-drop-in-aftermarket-trading/

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