Categories AlphaGraphs, Earnings, Technology

Advanced Micro Devices (AMD) beats Q1 earnings and revenue estimates; stock surges

Advanced Micro Devices (NASDAQ: AMD) first quarter 2019 earnings and revenue surpassed analysts’ views. The semiconductor giant reported earnings of 6 cents per share on revenue of $1.27 billion. Analysts had expected AMD to post earnings of 5 cents per share on revenue of $1.26 billion. AMD stock, which was down 0.22% at $27.63 when market closed today, increased about 6% during extended trading hours.

Advanced Micro Devices (AMD) Q1 2019 earnings infograph

AMD had guided revenue to come in about $1.25 billion, plus or minus $50 million for the first quarter of 2019. On a GAAP basis, earnings per share stood at $0.01 for the recently completed quarter compared to earnings per share of $0.08 a year ago. Revenue decreased 23% year-over-year primarily due to lower revenue in the Computing and Graphics segment.

For the second quarter of 2019, AMD expects revenue to be approximately $1.52 billion, plus or minus $50 million, an increase of approximately 19% sequentially and a decrease of approximately 13% year-over-year.

The sequential increase in Q2 outlook is expected to be driven by growth across all businesses. The year-over-year decrease is expected to be primarily driven by lower graphics channel sales, negligible blockchain-related GPU revenue and lower semi-custom revenue.

“We delivered solid first quarter results with significant gross margin expansion as Ryzen and EPYC processor and datacenter GPU revenue more than doubled year-over-year,” said Dr. Lisa Su, CEO. “We look forward to the upcoming launches of our next-generation 7nm PC, gaming and datacenter products which we expect to drive further market share gains and financial growth,” he added.

Intel, which reported its recently ended quarter’s results last Thursday, plunged 9% on issuing a weak outlook for 2019.

Tech giant Apple (AAPL) also reported its recently ended quarter results after the bell today. Shares of Apple were also trading up about 5% in the after-hours as the company beat top and bottom line numbers.

Year-to-date, shares of AMD had gained 50% and jumped 154% in the past 52 weeks.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips

 

 

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: Arie Baisch
  2. Pingback: Campus facilities
  3. Pingback: MSc in pharmacy
  4. Pingback: Oral Health
  5. Pingback: President of FUE
  6. Pingback: fue
  7. Pingback: Simulation Models
  8. Pingback: College systems
  9. Pingback: Student Handbook
  10. Pingback: Spectrophotometer
  11. Pingback: engineering majors
  12. Pingback: fue
  13. Pingback: Pharmacy's Diploma
  14. Pingback: peck dec
  15. Pingback: mediprime
  16. Pingback: Fiverr Earn
  17. Pingback: Fiverr Earn
  18. Pingback: Fiverr Earn
  19. Pingback: fiverrearn.com
  20. Pingback: fiverrearn.com
  21. Pingback: fiverrearn.com
  22. Pingback: fiverrearn.com
  23. Pingback: quietum plus buy
  24. Pingback: austin frenchie
  25. Pingback: fabricante de ropa
  26. Pingback: fiverrearn.com
  27. Pingback: french bulldog
  28. Pingback: fiverrearn.com
  29. Pingback: jute vs sisal rug
  30. Pingback: sorority jewelry
  31. Pingback: micro frenchies
  32. Pingback: 18k gold plated
  33. Pingback: future university
  34. Pingback: future university
  35. Pingback: future university
  36. Pingback: future university
  37. Pingback: french bulldogs
  38. Pingback: french bulldog
  39. Pingback: six sigma
  40. Pingback: FUE
  41. Pingback: Interstate moving
  42. Pingback: Classic Books 500
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: partners
  51. Pingback: Betting
  52. Pingback: FiverrEarn
  53. Pingback: live sex cams
  54. Pingback: live sex cams
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: french bulldog
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: FiverrEarn
  63. Pingback: FiverrEarn
  64. Pingback: solar
  65. Pingback: Kuliah Termurah
  66. Pingback: FiverrEarn
  67. Pingback: FiverrEarn
  68. Pingback: FiverrEarn
  69. Pingback: cheap sex cams
  70. Pingback: live sex cams
  71. Pingback: live sex cams
  72. Pingback: 늑대닷컴
  73. Pingback: Slot online gacor
  74. Pingback: One Peace AMV
  75. Pingback: nangs sydney
  76. Pingback: allgame
  77. Pingback: 918kiss
  78. Pingback: หวย24
  79. Pingback: pg slot
  80. Pingback: AI Lawyer
  81. Pingback: game slot
  82. Pingback: apply evisa online
  83. Pingback: contratar sicario
  84. Pingback: itsMasum.Com
  85. Pingback: Skywhip tanks
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top